Seismic work being carried out by Spectrum off the southern coast of Lebanon has indicated that there may be reserves of 25 tcf (708 bcm) in the area, according to company CEO David Rowlands. Spectrum has recently begun a survey that will produce more than 3,000 sq km of seismic data in a 22,000 sq km area (MEES, 14 September). Work is expected to be complete by the end of the year and the data is to be turned over to the Lebanese government by January 2013. Dolphin Geophysical has been subcontracted to carry out the work using the M/V Polar Duke ship.
Mr Rowlands told Beirut’s Daily Star on 22 September that his company’s estimates put the gas resource in one area alone at 25 tcf, and added that there could be far more located off the Lebanese coast. So far, US firm Noble Energy has discovered some 35 tcf in the Levant Basin offshore Israel and Cyprus. (CONTINUED - 343 WORDS)