The French oil and gas company TotalEnergies SE, the Italian Eni S.p.A. and the Qatari QatarEnergy have signed an agreement with the Lebanese government to develop the Block 8 project offshore Lebanon. This is reported in the TotalEnergies press release.
The Block 8 project is being implemented by a consortium with the participation of TotalEnergies (35% as the operator), Eni (35%) and QatarEnergy (30%).
The consortium's initial work program at the Block 8 site provides for conducting 3D seismic surveys covering an area of 1,200 km2 in order to further assess the exploration potential of the area. Despite the fact that drilling of the Qana well at Block 8 has not yielded positive results, the management of TotalEnergies continues to conduct exploration activities in Lebanon.
TotalEnergies SE is a French multinational oil and gas company and one of the world's largest energy companies after Royal Dutch Shell, BritishPetroleum and ExxonMobil. TotalEnergie operates 3,000 service stations that serve 1 million customers and 6 million consumers of electricity and gas every day. The headquarters is located in Paris (France) with offices in 120 countries. with a market capitalization of $141 billion.
Eni S.p.A. is an Italian multinational energy company and one of the largest oil companies in the world with a market capitalization of 40 billion euros. The main production regions include Africa and Kazakhstan, while the main sales markets are Italy and other European countries. The headquarters is located in San Donato Milanese (Milan).
QatarEnergy is the Qatar national oil and gas company. QatarEnergy is engaged in the exploration, production and sale of crude oil, natural gas and LNG, synthetic fuels, petrochemicals, etc. The company has stakes in projects in Qatar, Brazil, Argentina, Mexico, Congo, Mozambique, Cyprus, Oman, South Africa, Kenya, Côte d'Ivoire, Morocco, Namibia and Guyana. The headquarters is located in Doha (Qatar).
