Fossil Energy – Exploration
TotalEnergies has signed four production sharing contracts (PSC) with the Liberia Petroleum Regulatory Agency for the LB-6, LB-11, LB-17 and LB-29 offshore exploration blocks, which were awarded under the 2024 Direct Negotiation Licensing Round.
Covering approximately 12,700km² in the southern Liberia basin, the contracts include a commitment to conduct a 3D seismic survey.
Liberia has sought to attract investment in its oil sector through reforms over the past decade, as most of its 29 offshore blocks remain without contracts, reported Reuters.
