Petroleb Presence and Activities

Having strong knowledge in the local and regional industry, Petroleb signed an exploration and production sharing agreement on January 10th, 2018, in Muscat, Oman with the Omani Ministry of Oil and Gas for exploring and developing Block 57, which will witness an investment of $24 million in the first three years for exploration activities.

Along with international partners, Petroleb is also entitled to participate in Lebanon’s first bidding round to explore and develop the country’s offshore deep-water hydrocarbon resources within a highly professional consortium.