RHU Research Group
The Sustainable Development and Management of Petroleum Resources:
Lebanon and the Levant Region
In 2010, the USGS estimated undiscovered oil and gas resources of the Levant Basin Province to be around 1.7 billion barrels of recoverable oil and 122 trillion cubic feet (tcf) of recoverable gas. Lebanon’s share of these resources is estimated between $150 and $450 billion, with some estimates reaching as high as $700 Billion. Since the release of the USGS estimates, 2-D and 3-D seismic surveys have been undertaken in Lebanon, in preparation for potential exploration and production.
In 2011, the Lebanese government adopted Law 132/2010 (the Offshore Petroleum Resources Law), as the legal framework for the exploration and exploitation of offshore oil and gas resources in Lebanon. This was followed by the establishment and appointment of the Lebanese Petroleum Administration (LPA), as a governmental arm charged with regulating oil and gas activities.
High Level General Issue
Sooner or later, petroleum discoveries will transform the very nature and orientation of the Lebanese economy, as well as the economies of Levantine countries. The question is how to undertake such transformation in a sustainable manner, which optimizes the exploitation of petroleum resources in the long run, without sacrificing the interests of future generations, falling into the trap of the oil curse, or harming the environment.
The RHU’s Petroleum Research Group
This is an interdisciplinary research group of RHU faculty member interested in and dedicated to systematically conducting research pertinent to the high level general issue as stated above, in an effort to positively contribute to the welfare and prosperity of Lebanon and the region.
Outside researchers and/or entities may be welcomed to collaborate with or join the efforts of the Group, if they see value-added they can contribute.
College of Business Administration
College of Engineering
College of Sciences and Information Systems
Potential Research Axes and Dimensions
The Group has already adopted a focused research agenda, which is currently work in progress. Nonetheless, future research work could involve any of the potential axes and dimensions listed below.