Liberia has pre-qualified seven local companies for the West African country’s offshore licensing round for the Harper Basin.
Liberia has pre-qualified seven local companies for the West African country’s offshore licensing round for the Harper Basin.
The prequalification of Demus, Jungle Energy Power, New Millennium Oil and Gas, Africa Oil and Gas, Green Petroleum (Liberia), MAC-Africa Petroleum and TSC Global is in line with the New Petroleum Law of Liberia which sets aside a mandatory minimum 5% equity interest in all petroleum agreements to companies owned by Liberian citizens.
The list of prequalified Liberian companies will be submitted to qualified international bidders for possible partnership in fulfilment of the amended petroleum law. Nine oil offshore blocks, which have been unexplored in the Harper Basin, are being offered for biding.
The bid round runs from April 2020 to February 2021.
