A framework agreement between TotalEnergies and its partner Eni and Israel was inked in order to implement the maritime border agreement that Israel and Lebanon.
Together with its partner Eni, TotalEnergies operates exploration block 9 in Lebanon and owns a 60% stake.
Following the signing of this framework agreement, the partners in Block 9 will start exploring a potential that has previously been discovered and may extend into both Block 9 and Israeli seas to the south of the recently formed Maritime Border Line.
The mobilization of the teams, the acquisition of necessary tools, and the acquisition of a drilling rig are the first steps in the preparation of exploration activities.
“TotalEnergies, as the operator of block 9, is proud to be associated with the peaceful definition of a maritime border between Israel and Lebanon. By bringing our expertise in offshore exploration, we will respond to the request of both countries to assess the materiality of hydrocarbon resources and production potential in this area”, said Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.