BAKU, Azerbaijan, May 13. TotalEnergies,
together with QatarEnergy and ConocoPhillips, has signed a
Memorandum of Understanding (MoU) with the Syrian Petroleum Company
(SPC) to explore offshore Block 3 in the Mediterranean Sea, Trend
reports via TotalEnergies.
The agreement provides for a joint technical assessment of the
Block 3 offshore area and establishes a framework for further
technical and commercial discussions related to potential
exploration activities.
Julien Pouget, Senior Vice President for Middle East and North
Africa Exploration & Production at TotalEnergies, said the company
is pleased to renew cooperation with the Syrian Petroleum Company,
with which it maintained a long-standing partnership from 1988 to
2011.
He added that the collaboration with QatarEnergy and
ConocoPhillips will focus on evaluating offshore exploration
opportunities in Syria’s Mediterranean waters.
Block 3 is an offshore exploration area located in the Levantine
Basin of the eastern Mediterranean Sea, off the coast of Syria near
the city of Latakia. It lies in relatively deep waters, with depths
ranging approximately from 100 to 1,700 meters.
The block is part of Syria’s offshore hydrocarbon licensing
framework managed by the Syrian Petroleum Company (SPC), the
state-owned oil and gas operator responsible for upstream
exploration and production activities.
The area is considered geologically significant because it is
part of the Eastern Mediterranean offshore energy province, which
includes major gas discoveries in nearby countries such as Israel
and Egypt. This has increased international interest in Syria’s
offshore blocks in recent years.
