Levantine

Commentary

The majority of the Basin is either well developed, or within the purview of governments committed to the development of the discovered resources. We believe that the Outlook for the Basin remains Positive, despite the intermittent difficulties.

Updated

June 18, 2024

Location

Description

The Levantine Basin encompasses approximately 83,000sq km of the eastern Mediterranean, and is bounded to the east by the Levant Transform Zone, to the north by the Tartus Fault, to the northwest by the Eratosthenes Seamount, to the west and southwest by the Nile Delta Basin, and to the south by the limit of compressional structures in the Sinai.

Summary

While the Egyptian portion of the Basin has been developed, the remainder of the Basin to the north has been underexplored. With significant finds being reported more recently (Leviathan & Tamar), we believe that there remains significant opportunity for further discoveries.