BEIRUT — The airborne survey conducted by U.S.-based NEOS GeoSolutions revealed the potential presence onshore of conventional oil and gas in Lebanon, said Jim Hollis, president and CEO of NEOS GeoSolutions. “Our surveys show that conventional oil and gas exist in the Lebanese onshore which is cheaper to drill as opposed to shale oil, which …

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See on Scoop.it – Oil and Gas Development in Lebanon and East Mediterranean