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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.

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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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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

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