Petroleum Africa
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Thursday, April 16, 2020
President George Weah officially launched Liberia’s Harper Basin License Round. The bid round began on April 10, 2020 and will run through February 28, 2021. Nine blocks are on offer in the Harper Basin: LB-25, LB-26, LB-27, LB-28, LB-29, LB-30, LB-31, LB-32, LB-33.
TGS holds a range of multi-client data across the tendered acreage to support the licensing round including 5,961 kms of 2D seismic, gravity and magnetic data as well as 6,167 sq kms of 3D seismic, gravity and magnetic data.
The round is being launched in parallel with new 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.
President Weah has instructed the Liberia Petroleum Regulatory Authority (LPRA) to conduct all initial engagement, promotional events, consultations, and business meetings relating to the Liberia Offshore License Round 2020 online via the dedicated bid round website or other virtual platforms due to the current Corona Virus outbreak. There will be no physical meetings during the initial phases of the bid round until the disease has been largely eradicated.
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