GETECH Group plc Petroleum Licence Round Support in Lebanon
May 10 2017 - 1:00AM
RNS Non-Regulatory
TIDMGTC
GETECH Group plc
10 May 2017
Getech Group plc
("Getech" or the "Company" and with its subsidiaries the "Getech
Group" )
Getech Providing Petroleum Licence Round Support in Lebanon
Getech is pleased to announce an extension of its agreement to
provide consultancy services to the Lebanese Petroleum Authority
(LPA) through its wholly owned subsidiary, ERCL.
The Lebanese Cabinet approved on 4 January 2017 the re-launch of
Lebanon's first offshore licensing round for oil and gas
exploration and confirmed that, based on a study completed by the
LPA, 5 blocks would be open for bidding during the first licensing
round.
The Minister of Energy and Water in Lebanon, Cesar Abou Khalil,
also announced a new pre-qualification round, which was designed to
allow additional companies to join those who prequalified to take
part in the bidding process for the first licensing round in 2013
(www.lpa.gov.lb). The results of the pre-qualification were
announced on 26 April 2017 and all approved companies will be
invited to submit bids for the open blocks by 15 September 2017.
ERCL will be supporting the Lebanese Ministry in this process.
Huw Edwards, Director at Getech Group plc and ERCL,
commented;
"ERCL initially commenced work with the Ministry of Energy &
Water (MEW) in October 2010 with preparation for this first license
round and we are delighted that with the re-launch our work
supporting MEW and the LPA will continue through to the conclusion
of the license round, towards the end of 2017. The blocks on offer
look very prospective and have been well received by the
prequalified companies."
The Getech Group has a long history of assisting Governments and
National Oil Companies with License Rounds, Data Management,
Capacity Building and Advisory services all over the world to
develop their nation's natural resources. The work in Lebanon joins
similar Getech Group projects in Africa, the Americas and Middle
East.
For more information visit the Getech website: www.getech.com /
www.ercl.com
Getech Group plc Tel: 0113 322 2200
Jonathan Copus, Chief Executive
WH Ireland Limited Tel: 0161 832 2174
Katy Mitchell
Notes to Editors:
The Getech Group is a leading AIM-listed supplier of products
and services to companies and governments working with natural
resources. We provide knowledge, expertise and insight that allows
our growing customer base in the oil and gas, mining, nuclear and
water industries to make better decisions.
For more information, please visit our website at
www.getech.com.
This update refers to a contract in the ordinary course of
business for Getech.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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