Lebanon’s Oil Preserves Greater than zionist regime

The international expert at Spectrum company, Neil Hodgson, confirmed that Lebanon has high prospects of gas in its offshore Exclusive Economic Zone larger than the amount in “Israeli” Tamar and Leviathan fields.

According to the expert, there are high chances of detecting large quantities of gas offshore Lebanon.
Hodgson pointed out that “if all goes well, Lebanon will be able to produce gas by 2019 or 2020.”

The British Spectrum company unveiled in 2012 that Lebanon’s oil reserves off its southern coast are of the richest and best in the region.
The firm estimated that the volume of gas is around 25 trillion cubic feet.
The gas reserves in Lebanon amount to more than 30 or 40 trillion cubic feet while the that in Tamar field reaches 10 trillion cubic feet and Leviathan 17 trillion cubic feet, Hodgson said.

A month earlier, offshore seismic surveys of Lebanon showed that tapping into Lebanon’s gas wealth might be easier than first thought.
“On the old 2-D data, we had initially thought that the main plaque [layer] offshore Lebanon has the same age as in Tamar and Leviathan,” said Hodgson.
“But what we actually discovered is that there are two plaques on Lebanon’s offshore. … This is a really, really good thing [for natural gas prospects],” he added.

He further elaborated that “the much shallower layer has high prospects and, equally importantly, will reduce efforts needed to tap the wealth.”
In order to reach the initially identified deeper targets, oil and gas companies would have needed to drill about 6-7 km deep.
But for the newly spotted shallow layer, companies would only need to drill 3.5 km, cutting the time and cost of the whole process and making the retrievednatural gas reserves commercially viable.

Hodgson said Lebanon was in a unique situation with 70 percent of the offshore acreage already having been covered by 3-D seismic surveys.
“As far as I know this has been never done before,” he said, estimating this has accelerated the whole process by two or three years.”
If things proceed as they have been so far, Hodgson said 2019 or 2020 could be the year when Lebanon is expected to commercially produce gas.

Starting next week, Spectrum will acquiring a new 3-D survey offshore Lebanon, meaning data coverage will be increased to above 95 percent.
“Offshore Lebanon will be almost completely covered with 3-D seismic surveys and the [oil and gas] industry will immediately know exactly where to drill and will have all the tools to drill their wells,” Hodgson added.

Western Lebanon, including the west Bekaa Valley and northern Bekaa, is also very promising, he said, predicting the areas would have plenty of structures where source-rock reservoirs would be expected.