Liberia: Exxonmobil Applies Again for Oil Blocks

24 April 2023
FrontPageAfrica (Monrovia)
By Selma Lomax

Monrovia — The Liberia Petroleum Regulatory Authority (LPRA) says it has received pre-qualification application from ExxonMobil for four offshore blocks in Liberia.

Recently, ExxonMobil expressed interest in Blocks 15, 16, 22 and 24 within the Liberia Basin and the company has now officially applied to be pre-qualified to negotiate for the Blocks.

The LPRA is currently reviewing ExxonMobil's application and when the company has been pre-qualified, the authority will invite them to negotiate a Petroleum Sharing Contract (PSC) for the Blocks.

The direct negotiation procedure is framed through a 5-phase process including pre-qualification as outlined in the information package located on LPRA's website (www.lpra.gov.lr).

ExxonMobil is one of the world's largest publicly traded international oil and gas companies. The company has a previous exploration history in Liberia.

In 2013, ExxonMobil acquired petroleum rights on the then Block- 13 and drilled the Mesurado-1 Well in 2016.In 2021 the Government of Liberia through the LPRA announced the opening of 33 offshore Blocks in the Harper and Liberia Basin for Direct negotiation.

The government's decision to offer blocks through direct negotiations was anchored on many significant factors including the investment climate, the latent impact of the energy transition, COVID-19 and its cascading effect on the sector, but also a developing investor appetite for frontier basins and the current position of Liberia within the oil and gas value chain.

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