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Liberia’s Direct Negotiation Round Unlocks Offshore Potential

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Petroleum

Offering 29 blocks across the Liberia and Harper Basins, Liberia provides substantial exploration and production opportunities, backed by high-quality seismic data and favorable terms aimed at attracting international investment

PARIS, France, January 17, 2025/APO Group/ — 

Last August, the government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), launched its Direct Negotiation Licensing Round, offering 29 offshore blocks in the Liberia and Harper Basins. This licensing initiative is designed to stimulate further exploration and production activity in Liberia’s offshore oil and gas sector, aligning with the government’s broader goals of economic diversification, sustainable energy development and attracting significant foreign investment. Below is an overview of the available licensing opportunities, from technical specifications to potential implications for the sector.

Technical Specifications

Liberia’s licensing opportunities focus on offshore areas in the Liberia and Harper basins, which are recognized for their geological potential and under-explored prospects. The round includes a diverse portfolio of 29 offshore blocks, covering both established and unexplored areas.

To aid potential investors, Liberia has partnered with energy data firm TGS to offer an extensive suite of multi-client subsurface data. This dataset encompasses over 24,000 km of 2D seismic data and more than 26,000 km² of 3D seismic data. Among this, TGS has reprocessed 5,100 km² of 3D seismic data and 12,000 km of 2D seismic data, utilizing advanced Pre-Stack Depth Migration technology for clearer imaging of subsurface features. This technology is especially beneficial for understanding key targets within Cretaceous reservoirs, enhancing prospects for successful exploration and development.

The blocks are located in the syn-rift Lower Cretaceous to deepwater Upper Cretaceous geological layers, with a variety of source rock intervals across the stratigraphy. The high-quality seismic data provided, which also includes gravity and magnetic data, will give bidders a comprehensive understanding of the potential within these under-explored, yet proven petroleum systems. This information will be critical in evaluating prospects and making informed decisions during the bidding process. The licensing round follows the 2019 amendments to Liberia’s Exploration & Production law, which are designed to ensure a competitive and transparent process. The inclusion of 100% cost recovery on pre-Production Sharing Contract seismic data further adds to the attractiveness of the round, offering a clear pathway for investors to recover their initial exploration costs.

What to Expect

The direct negotiation process marks a significant step in Liberia’s strategy to accelerate the development of its offshore resources and increase oil production. With 29 blocks available in highly prospective basins, the government aims to attract international oil companies with the technical and financial capacity to develop the offshore fields. At the same time, the licensing round also presents opportunities for smaller, independent companies that are more suited to developing marginal fields.

Liberia’s offshore sector has long-held potential, but much of it remains under-explored. The high-quality seismic data provided by TGS and the availability of a diverse range of blocks are expected to spark renewed interest in the country’s offshore hydrocarbon resources. Notably, the inclusion of both shallow and deepwater prospects in the round is likely to encourage bids from a wide range of investors, each with their unique expertise and capabilities. As the sector develops, it is expected that the licensing round will not only generate substantial foreign investment, but will also provide a foundation for new job creation, technology transfer and local capacity building in Liberia’s nascent oil and gas industry.

Implications for the Sector

Liberia’s offshore blocks present a significant opportunity to unlock the country’s oil and gas potential, aligning with national goals for socioeconomic development. The availability of high-quality seismic data, combined with favorable licensing terms – including cost recovery for seismic data – will be crucial in attracting international investment. The licensing round is expected to stimulate exploration and drive new discoveries, with successful bids and exploration projects likely to enhance energy security and attract increased foreign direct investment across new and related sectors in the medium to long term.

The round will also provide opportunities for collaboration with both established and global oil and gas players, reinforcing Liberia’s reputation as an attractive and competitive destination for exploration and production. As the round progresses, it will set the stage for Liberia’s continued growth in the hydrocarbon sector and integration into the larger West African energy landscape. The licensing round is expected to be showcased at the upcoming Invest in African Energy Forum in Paris in May 2025, offering further exposure to potential investors. Liberia’s commitment to a transparent and competitive environment, coupled with the support of international data providers like TGS, positions the country as a rising player in the West African oil and gas sector.

IAE 2025 (http://apo-opa.co/4aitbqZ) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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