Overview of the Oil and Gas exploration in Lebanon

Abstract

It is impossible to imagine the modern world without considering the discovery of Oil in the Middle East, which dates back to the beginning of the twentieth century. Recent Oil and Gas discoveries in Lebanese Basin in addition to the promising studies of its onshore have opened the door to Lebanon to enter the club of Oil states. In fact, according to official reports [1] “the current estimate, under a probability of 50 percent, for almost 45 percent of our waters has reached 95.9 trillion cubic feet of Gas and 865 million barrels of Oil”. In this paper, we will present an exhaustive review of the exploration of the Oil and Gas in Lebanon starting from the French mandate and ending with the latest surveys, studies and prospects.