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Wednesday, November 19, 2014
Liberia’s latest licensing round closed on November 14. The round offered four undrilled offshore exploration blocks of which two were covered by 2D seismic while two were covered by both 2D/3D seismic acquired by TGS.
The blocks covered with 2D were LB-6, LB-7 and Blocks LB-16 and LB-17 were covered by 2D and 3D.
The bid opening ceremony took place on November 17 and news of the winners is expected on November 24.
“We are extremely pleased with the high level of interest and bid submissions from international and local oil companies. The success of this licensing round has demonstrated the industry’s demand for exploration opportunities in Liberia. This demand should be further satisfied with another bid round (focusing on the Harper Basin) which is planned for next year once the regulatory reform has been completed,” said Althea E. Sherman, General Counsel/COO for NOCAL, Liberia’s state-run oil and gas firm.
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