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
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
