Jim Hollis, President and CEO of NEOS GeoSolutions speaks during the conference in Beirut, Wednesday, June 10, 2015. (The Daily Star/Khalil Hassan)
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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.The conventional oil and gas drilling process involves the boring of a well, a reservoir that has pressure, from which oil flows out of the ground. NEOS GeoSolutions completed its airborne oil and gas survey of most Lebanese territories last December, with the support of its local partner Petroserv.Hollis added that the next step for NEOS is to go to the south and finish its regional survey.Wissam Chbat, head of geology and geophysics at LPA, said the results of the survey conducted by NEOS would encourage international companies to come to Lebanon for oil exploration.
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