The Director General of the Liberia Petroleum Regulatory Authority, Marilyn T. Logan, will present the nation's available licensing opportunities and the most recent initiatives to reprocess more than 15,600 square kilometers of 3D seismic data.
Liberia seeks to attract major exploration companies to drive exploration of its prospective hydrocarbon resources. To facilitate this, Liberia has engaged surveying services firm TGS to reprocess over 24,000 km of 2D and over 15,600 km2 of 3D multi-client seismic data in the Liberia and Harper basins. In a renewed focus on West African exploration, American multinational ExxonMobil has expressed interest in and secured pre-qualification for four exploration blocks in the Liberia basin – LB-15, LB-16, LB-22, and LB-24. This is supported by the country's ongoing direct negotiation process initially launched in 2021. ExxonMobil has a long-standing history in Liberia, having acquired petroleum rights for the then-Block 13 in 2013 and drilled the Mesurado-1 well in 2016.
AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.
The Invest in African Energy reception in London will provide an overview of the continent's available oil and gas acreage, as well as significant opportunities across midstream and downstream segments. In May of last year, the Liberia Petroleum Refining Company (LPRC) and Stratcon Energy and Trading Company of Ghana entered into an agreement for the supply of petroleum products in the Liberian market. Through this partnership, LPRC intends to import petroleum products from its regional neighbor with the objectives of augmenting Liberia's strategic fuel reserves, stabilizing fuel prices, and ensuring energy security.
“Liberia is home to a diverse range of investment opportunities, which will be showcased by LPRA at the London reception. In addition to featuring frontier oil and gas exploration prospects and securing the interest of global majors like ExxonMobil, Liberia holds the potential to become a major petroleum hub for landlocked countries in the region,” said NJ Ayuk, Executive Chairman of the African Energy Chamber.
The Invest in African Energy London reception takes place at the Four Seasons Hotel London at Park Lane from 17:00 to 21:00. Register now at https://apo-opa.co/3XIWuyz or contact register@aecweek.com.
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