Liberia perseveres with licensing round
West African country presses ahead with plans to auction offshore acreage
Defying the disruption caused by the Covid-19 pandemic and the slump in world oil markets, Liberia has pressed ahead with the offshore licensing round that it had announced for launch in April. Formal inauguration of the round on 10 April was followed by an online launch five days later. The round covers nine blocks (LB-25 to LB-33) in the Harper Basin, off the southwest coast and the window for submitting offers will run from 1 November to 28 February 2021. The widespread bans on international travel have prevented the promotional roadshow originally planned by the Liberian Petroleum Regulatory Authority (LPRA), National Oil Company of Liberia (Nocal) and technical partner TGS. Nonetheless,
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
