Sun, 26 Aug 2012 01:08:41 CDT
Norwegian oil explorer Spectrum, which is carrying out the first 3-D seismic survey of Lebanon?s offshore deposits, has said it is very likely there will be substantial quantities of natural gas and possibly oil off the Lebanese coast, The Daily Star has reported. ?You will never know [how much gas there is] until you drill a well under the sea, [but] you can make an assessment from the site we surveyed,? Spectrum CEO David Rowlands told the daily. ?Our assessment indicates so far there is a significant volume of gas to be discovered, and maybe even oil.?
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