Facilitating The First
Commercial
Oil Discovery


“This is a watershed moment for the country and the Authority (LPRA) is excited to reach an agreement with all parties including TGS and NOCAL in promoting Liberia’s offshore acreage.”

Archie N. Donmo, Director General at LPRA


 

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Statement on the Launch of the Bid Round 

President George M. Weah

April 10, 2020

My Fellow Liberians, our international partners, and business leaders from around the world, in my 2020 State of the Nation Address, I reaffirmed my desire and commitment to ensure that the upstream petroleum sector is managed in a way that promotes efficient institutional governance, integrates the principles of accountability and transparency, maximizes revenue from potential petroleum resources, and supports Liberian citizens’ participation. I also announced to you that the Government and People of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), will open up the entire Harper Basin during the Liberia Licensing Round 2020 where nine (9) offshore blocks will be offered in the hope of recommencing exploration program.

Currently, the world is undergoing a tremendously turbulent time but with our resilience, tenacity and shared strength, we will defeat this deadly corona virus. We cannot be discouraged and dismayed because of this scourge but must keep fostering the growth of our nations and business institutions. We will take all precautions and measures to mitigate the impact of the pandemic but must not stop or relinquish the desire to build a nation under a common purpose creating shared economic prosperity.

It with this vision in mind that today I officially declare the Liberia Offshore License Round 2020 officially open and formally launched. The round which was initially planned from April 10-October 1, 2020 will now open on April 10, 2020 and run up to February 28, 2021. I have instructed the Liberia Petroleum Regulatory Authority (LPRA) that all initial engagement, promotional events, consultations, and business meetings relating to the Liberia Offshore License Round 2020 must be conducted online via the dedicated bid round website or other virtual platforms. Absolutely, there will be no physical meetings during the initial phases of the bid round until this deadly disease is defeated. This decision is similarly to what is currently being adopted by sisterly countries conducting license rounds within Africa and around the world.  

Liberia has been, it is now, and continue to remain an attractive investment destination and we want to use this medium to demonstrate that the Government of Liberia provides a stable operating environment, predictable as well as flexible legal and fiscal regimes, and conducive operating environment for doing business.

The Harper Basin offers significant exploration potential in one of the few remaining unexplored deep-water basins in West Africa. The initial interpretation of 2D and 3D seismic data identifies many leads and prospects across the entire basin. Several sub-commercial discoveries from previous wildcat wells in the Liberia Basin have proven that the petroleum systems are working offshore Liberia. Recent discoveries offshore Cote d’Ivoire prove source maturity, the viability of the reservoir quality, and charge potential of commercial size. The Albian reservoir offshore Cote d’Ivoire, for example, is producing and considered a good analogue for the maturation story and identified traps in the Harper Basin.

We encourage international upstream oil and gas companies and other private equity firms to participate in the license round. As I launch the Liberia Offshore License Round 2020, let me officially welcome you to explore our offshore assets, system of governance, and the unparalleled hospitality of Liberians.

With God above, Our Rights to Prove, we will, over all, prevail… Thank You!

 

 

The Harper Basin License Round is underway!

Welcome to the Harper Basin License Round, a significant moment in Liberia's hydrocarbon journey. This event follows the Liberia Petroleum Regulatory Authority's announcement that the launch of its next offshore licensing round will commence in April 2020.

The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round, which will be commencing on the 10th April 2020. The round is being launched in parallel with attractive amendments to Liberia's Petroleum Law, following major regulatory changes in October 2019, and the extension of the exploration period, in order to attract international investors.

The Liberia License Round, 2020 will be conducted through three main stages: Pre-qualification, Bid Submission, and Bid Evaluation/Award. Beginning April 10, 2020 until 28 February 2021, companies interested in participating in the license round are required to complete and transmit a letter of expression of interest, fill out the pre-qualification form and ultimate beneficial ownership form as indicated in Annex 6 of the Tender Protocol for pre-qualification. Interested applicants can click on the 'Get the Full Story' link below to download the Tender Protocol, Model PSC and Pre-qualification Form. 

Nine blocks will be on offer in the Harper Basin, one of the last unexplored and undrilled regions offshore West Africa: LB-25, LB-26, LB-27, LB-28, LB-29, LB-30, LB-31, LB-32, LB-33. The new block demarcation is following the petroleum bill update in 2019, with a maximum block size of 3,500 square kilometers, and aligning with the longitude and latitude grid.

TGS holds a range of multi-client data across the tendered acreage to support the licensing round:

  • 5,961 kilometers of 2D seismic, gravity and magnetic data
  • 6,167 square kilometers of 3D seismic, gravity and magnetic data

 

Geological Insight

For more detailed information, click on the arrow below - explore the blocks on offer and gain greater insight into the available data.

 

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Story Map Animated CTA V2Liberia 2020 License Round Blocks Wells with legend larger copy

Data availability: Discover the TGS data library.


 

Timetable of Events*

Event Location Date
License Round Opening Via web link 10 April, 2020
License Round Launch Webinar* via web link

15 April, 2020

Request for Pre-qualification Via email

April 10, 2020-October 31, 2020

Bid Submission Monrovia

November 1, 2020-February 28, 2021

License Round Closes Monrovia

February 28, 2021


*Please note: Due to travel restrictions related to the coronavirus (COVID-19) outbreak, roadshows will now take place via video link over the internet. Further information will appear here shortly.


 

Geological Insight into the Harper Basin

  • The geological evolution of offshore Liberia is related to the opening of the Atlantic Ocean.
  • The Harper Basin offers significant exploration potential, being the last real frontier basin of West Africa.
  • Several sub-commercial discoveries have proven that the petroleum systems are working offshore Liberia.
  • The Harper Basin has a petroleum system analogous to surrounding basins associated with the recent discoveries in Ghana, Cote d’Ivoire and also the conjugate Guyana.

See an example of typical stacked channel systems below and explore the Story Map for more insight and information.

HarperPoster_LongSeismic_altered

 

Frequently Asked Questions

(these will be added to and updated regularly)

Q: With the COVID-19 pandemic restricting travel globally, are you still going to host the Bid Round? 
A: Yes, we are maintaining the timeline we announced in January this year, though the launch events and London and Houston roadshows are being moved to virtual online only events.

Q: Will there be blocks available in the Liberia Basin?
A: The bid round is specifically for the Harper Basin, however there is a provision in the Law to allow direct negotiation for blocks in the Liberian Basin.
 

 

Find out more

Please fill in the information request form on the top right-hand section of this page for any specific information you require and a representative will contact you.