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TotalEnergies Signs Production Sharing Contracts (PSCs) for Liberian Oil Blocks, Signaling Exploration Resurgence in West Africa

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7 months ago

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African Energy Chamber

The Production Sharing Contracts align with the government’s commitment to monetizing offshore oil and gas resources

JOHANNESBURG, South Africa, September 18, 2025/APO Group/ –In a move set to accelerate offshore oil and gas development in the country, energy major TotalEnergies has signed four Production Sharing Contracts (PSC) for exploration blocks in Liberia. Awarded to the company following the conclusion of Liberia’s 2024 Direct Negotiation Licensing Round, the PSCs cover Block LB-6, Block LB-11, Block LB-17 and Block LB-29, all of which are situated in the south of the Liberia basin. The PSCs align with the government’s commitment to monetize offshore hydrocarbon resources and is expected to pave the way for future discoveries.

The African Energy Chamber (AEC) – representing the voice of the African energy sector – views the signing of the PSCs as a direct result of the proactive approach by the Liberian government to attracting new investment across the country’s offshore hydrocarbon market. Through the 2024 licensing round, the government sought to engage global investors and accelerate exploration. The PSCs not only serve as a key step towards realizing this goal but bring significant expertise to the market through the likes of TotalEnergies. As such, the AEC also commends TotalEnergies for its continued commitment to investing in African exploration and production, and views this milestone as a key step towards unlocking new resources in West Africa.

The signing of these PSCs marks more than just a corporate milestone – it represents Liberia’s resurgence as a competitive frontier for oil and gas investment

The signed PSCs cover acreage of approximately 12,700 km². According to TotalEnergies, the blocks are situated in high-potential new oil-prone basins, with the areas holding significant potential for large-scale discoveries that lead to cost-effective, low-emission developments. Part of the upcoming work program, TotalEnergies will acquire one firm 3D seismic survey, which is expected to enhance the geological understanding of the blocks. The Liberia Basin – alongside the corresponding Harper Basin – are already supported by a substantial set of seismic data thanks to a partnership between the government and energy data firm TGS. TGS was tasked with acquiring an extensive suite of multi-client subsurface data, including over 24,000 km² of 2D and more than 26,000 km² of 3D data. This data will aid TotalEnergies and other companies as they advance exploration activities.

Largely under-explored, Liberia represents a promising market given the country’s long-held oil and gas potential. Located in the syn-rift Lower Cretaceous to deepwater Upper Cretaceous geological layers, the blocks offer a variety of source rock intervals across the stratigraphy. Coupled with the high-quality seismic data available, this provides a comprehensive geological understanding of the acreage, thereby supporting exploration and future discoveries. The PSCs come as Liberia implements a bold strategy to attract upstream investment. Prior to the 2024 licensing round, the country introduced amendments to the Exploration & Production Law in 2019, aimed at establishing a transparent and competitive process. Terms included a 100% cost-recovery on pre-PSC seismic data, further adding to the attractiveness of the licensing round.

The 2024 licensing round sought to unlock this potential by attracting new players to invest in exploration blocks. The round featured 29 blocks across the Liberia and Harper Basins, offering opportunities for both international oil companies with the technical and financial capacity to develop offshore fields as well as smaller players and independents seeking forays into marginal fields. With both shallow water and deepwater acreage on offer, the round reflects the strong drive by the government to engage a diverse slate of investors and drive oil and gas projects forward. The signed PSCs signal the confidence that international companies have in Liberia’s frontier oil and gas opportunities.

“The signing of these PSCs marks more than just a corporate milestone – it represents Liberia’s resurgence as a competitive frontier for oil and gas investment. TotalEnergies’ expertise, combined with the government’s proactive reforms, sets the stage for new discoveries, job creation and sustainable development. This moment underscores the importance of African nations driving exploration and unlocking their own resources, ensuring that energy security, prosperity and opportunity are realized by Liberians and by the wider West African region,” states NJ Ayuk, Executive Chairman, AEC.

Distributed by APO Group on behalf of African Energy Chamber.

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Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

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10 hours ago

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April 29, 2026

By

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

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ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

16 hours ago

on

April 29, 2026

By

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

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MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

16 hours ago

on

April 29, 2026

By

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

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