The Liberia Petroleum Regulatory Authority (LPRA) and TotalEnergies EP Liberia have held their first Joint Operations Committee (JOC) meeting for four offshore Production Sharing Agreements (PSAs) signed in September 2025, signalling the formal start of offshore exploration activities across Blocks LB-06, LB-11, LB-17 and LB-29 in the Liberia Basin.
As part of its 2026 work program, TotalEnergies will conduct offshore geochemical surveys, 3D seismic acquisition and high-resolution seabed mapping to identify viable drilling targets. These PSAs represent Liberia’s first upstream petroleum agreements in more than a decade, awarded under the country’s 2024 Licensing Round.
In addition to TotalEnergies, LPRA concluded PSAs with Atlas Oranto Petroleum International for exploration across Blocks LB-15, LB-16, LB-22 and LB-24, further broadening the country’s upstream investor base. Energy data firm TGS also resumed seismic reprocessing in January 2026 under the Liberia Sunfish 3D project, covering approximately 6,100 square kilometres in the Harper Basin. Upon completion, Liberia will have reprocessed more than 50,000 kilometres of 2D seismic data and over 31,000 square kilometres of 3D data.
Liberia’s Mines and Energy Minister Matenokay Tingban noted that “nearly 80% of the country remains unexplored, including significant opportunities in oil and gas,” calling the TotalEnergies agreement the opening of Liberia’s investment corridors. On the downstream side, the Liberia Petroleum Refining Company plans to install two mixed-product storage tanks with a combined capacity of 15,000–20,000 metric tons, adding to a 4.48-million-gallon petrol storage tank deployed in 2025.
“Liberia is open for credible investments, and we are committed to strong institutions, clear rules, and partnerships that support sustainable economic growth for our people,” stated President Joseph Nyuma Boakai.
Source: energycapitalpower.com