Liberia’s 2020 Licensing Round

The West African nation has adapted to current circumstances by going digital.

On 10th April, the The Liberian Petroleum Regulatory Authority (LPRA), officially launched Liberia’s 2020 Licensing Round, with a follow-up online launch event on 15th April. Archie N. Donmo, Director General of the LPRA said: “This is a watershed moment for the country and the Authority (LPRA) is excited to reach an agreement with all parties including TGS and NOCAL in promoting Liberia’s offshore acreage.”

Whilst some countries have been postponing or cancelling planned licensing rounds due to COVID-19 restrictions, LPRA decided to relocate their launch to a webinar, a move supported by President H.E. George Weah, who commented, “Liberia has been, is now, and will continue to remain an attractive investment destination. We want to use this medium to demonstrate that the Government of Liberia provides a stable operating environment, predictable as well as flexible legal and fiscal regimes, and a conducive operating environment for doing business.”

The 2020 round features 9 offshore blocks on offer (LB-25 to LB-33) in the Harper Basin which is regarded as one of the last “unexplored and undrilled” regions offshore West Africa. 

The licensing round has been timed to coincide with positive amendments to Liberia’s Petroleum Law, including a provision that a mandatory 5% interest in all petroleum agreements to be awarded to Liberian-owned companies. Once pre-qualified, the list will be submitted to qualified international bidders to review for possible partnership opportunities. “This move by the LPRA is a demonstration of the Liberian Government’s commitment to ensuring that indigenous Liberian companies are directly involved in the petroleum sector of the country.”

AOW sponsor TGS is supporting the licensing round and hold the following multi-client data across the acreage on offer:
  • 5,961 kilometres of 2D seismic, gravity and magnetic data
  • 6,167 square kilometres of 3D seismic, gravity and magnetic data
Bid submissions will be open from 1 November before the license round closes in Monrovia on 28 February 2021.

We are looking forward to welcoming Atty. Saifuah-Mai Gray, CEO of NOCAL to Africa Oil Week 2020 (2-6 November) where she will be leading a Liberian National Showcase.
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