VOL. XLVI

No 5

3-February-2003

LEBANON

Spectrum Concludes Seismic Survey On Lebanon Offshore

Lebanons Energy and Water Minister Muhammad Baydun and officials from UK-based seismic company Spectrum said in a press conference in Beirut on 29 January that the multi-client study on Lebanons offshore waters carried out in 4Q 2002 suggested the possible presence of hydrocarbons (MEES, 26 August 2002). The positive outcome of the study will open the door for Lebanon to announce a licensing round which...