On 14 July 2020, the Liberian Government trough the Liberia Petroleum Regulatory Authority (LPRA) slightly softened the application terms for its current Offshore Licensing Round 2020. Concretely, the signature bonus is now payable in a more flexible manner and the 2D seismic data can be purchased on a block basis. So far, the minimum USD 8 million signature bonus was to be paid in one tranche, and all seismic data covering the entire Harper Sub-basin was requested to be bought. These measures will hopefully encourage potential applicants to proceed, while the COVID-19 pandemic is far from being controlled in Africa.  As a reminder, the Liberia Offshore Licensing Round 2020 was launched on 15 April 2020 through an online webinar. The pre-qualification period is expected to last until 31 October 2020. Once pre-selected, the companies will then have to submit their bid until 28 February 2021, closing date of the auction. More info and recurrent announcements will be posted on this website: https://info.tgs.com/liberia-license-round-2020     Nine blocks are on offer, namely blocks 25 to 33, all located within the Harper Sub-basin (eastern offshore sector), for a period of six months. The round is conducted in collaboration between the LPRA and NOCAL. Although the bid round 2020 specifically focuses on the Harper Sub-basin, the other exploration blocks located in the Liberian Sub-basin (western offshore sector) are understood to be accessible through direct negotiation.
The Liberian Government trough the Liberia Petroleum Regulatory Authority (LPRA) slightly softened the application terms for its current Offshore Licensing Round 2020. 