{"id":15491,"date":"2025-09-18T09:10:01","date_gmt":"2025-09-18T09:10:01","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15491"},"modified":"2025-09-18T09:10:01","modified_gmt":"2025-09-18T09:10:01","slug":"totalenergies-secures-four-offshore-exploration-blocks-in-liberia","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15491\/","title":{"rendered":"TotalEnergies secures four offshore exploration blocks in Liberia"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0TotalEnergies 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.<\/p>\n

Covering approximately 12,700km\u00b2 in the southern Liberia basin, the contracts include a commitment to conduct a 3D seismic survey.<\/p>\n

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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<\/em><\/a>.<\/p>\n

TotalEnergies\u202fexploration senior vice-president Kevin McLachlan said: \u201cTotalEnergies is enthusiastic to be part of the resumption of exploration activities in offshore Liberia.Entering these blocks aligns with our strategy of diversifying our exploration portfolio in high-potential new oil-prone basins.<\/p>\n

\u201cThese areas hold significant potential for prospects that have the potential for large-scale discoveries that lead to cost-effective, low-emission developments, leveraging the company\u2019s proven expertise in deep-water operations.\u201d<\/p>\n

In recent years, few companies have shown serious interest in Liberia\u2019s offshore blocks. The country currently lacks a refinery and relies on imports for all petroleum products, according to the US International Trade Administration (ITA).<\/p>\n

In 2023, ExxonMobil applied to pre-qualify for four offshore oil blocks \u2013 15, 16, 22 and 24 \u2013 in the country.<\/p>\n

According to the ITA, if commercially viable oil deposits are discovered, a separate Ministry of Petroleum would be required to manage bidding processes.<\/p>\n

TotalEnergies operates in 120 countries, producing and marketing oil, gas and biofuels.<\/p>\n

Earlier this month, TotalEnergies was awarded a contract by KOGAS for the supply of one million tonnes per annum of liquefied natural gas for a period of ten years.<\/p>\n

Updated on