The partners will launch a technical review of Block 3, located near the coastal city of Latakia.
This memorandum establishes a vital framework for future commercial exploration within the Mediterranean Sea.
Syria’s new administration actively seeks foreign investment to revitalize the nation’s struggling energy infrastructure.
TotalEnergies previously maintained a significant presence, producing 53,000 barrels of oil-equivalent daily until 2011.
Now, the French major reunites with long-term local partners to evaluate fresh offshore opportunities.
Regional interest in Syrian projects surged following the significant political shifts of late 2024.
Industry leaders clearly view the region as a high-potential frontier for natural gas and crude.
Chevron also recently joined this movement, selecting a site for Syria’s first deep-water project this summer.
