French energy group TotalEnergies (NYSE:TTE) has set the first drilling rig at its location in the Mediterranean Sea off Lebanon’s coast near Israel’s border with the country looking to commence operations in the coming weeks to search for gas. The cash-strapped nation hopes that future gas sales could help the country pull out of its deep financial crisis that has seen the local currency lose more than 98% of its value.
"The arrival of the equipment marks an important step in the preparation of the drilling of the exploration well…Amid Energy Crisis, Lebanon Sees First DrillShip Arrive For Oil Exploration
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