New survey highlights Lebanon’s onshore oil potential

NEOSThe ceremony was attended by representatives from Lebanon’s Ministry of Electricity & Water, Lebanon Petroleum Administration, General Directorate of Oil, Lebanon Oil Installations, NEOS and Petroserv. (Image source: NEOS)NEOS GeoSolutions, Inc. has completed a study to map regional hydrocarbon prospectivity over a 6,000 sq km area in Lebanon

The geosciences company has announced completion of the study to map regional hydrocarbon prospectivity in Lebanon that included the onshore northern half of the country as well as the transition zone along the country’s Mediterranean coastline.

The project has made a significant contribution to the country’s geosciences database and will further the possibilities for successful oil and gas exploration, according to the company.

The project, undertaken with Petroserv as the local partner and the project’s underwriter, was delivered ahead of schedule. It conducted high-quality measurements including magnetic, electromagnetic, radiometric, gravity and hyperspectral data, which was integrated with existing well and seismic data to gain new insights into the region.

Jim Hollis, president at NEOS, said, “After completing our extensive integration and interpretation of the multi-physics data and applying our advanced predictive analytics techniques, we are thrilled to have uncovered some very interesting indications of hydrocarbon potential in select areas throughout the programme area.”

He also added that data from the project would allow E&P companies to optimise decisions about where to explore, lease and drill in Lebanon.

Arthur Nazarian, Lebanon’s minister of energy and water, said, “This project has brought the topic of onshore oil and gas exploration to the top of the agenda again, and the ministry is set on progressing this.”

Following the ceremony to commemorate completion of the programme, a customised hands-on training session was held to ensure that local geologists know how to analyse, interpret and update the data.

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