Atlas/Oranto to tap into exploration prospects in Liberia

After TotalEnergies, Atlas/Oranto Petroleum has closed four production sharing contracts with the Government of the Republic of Liberia

The agreement comes with a signature bonus of US$12mn, with the international oil company securing exploratory rights over four offshore blocks: LB-15, LB-16, LB-22, and LB-24, each with an estimated investment value of US$200mn.

Atlas Petroleum International and Oranto Petroleum, sister companies established in 1991, are recognised for having one of Africa’s largest exploration portfolios, holding 22 licenses across more than 11 countries. With current production of approximately 18,000 barrels of oil per day from assets in Equatorial Guinea, Nigeria, and Venezuela, the group maintains a strategic balance between production and frontier exploration.

Their expansive portfolio encompasses deepwater, shallow water, and onshore acreage in key African markets, including Uganda, Zambia, and Senegal. Notably, in Equatorial Guinea, Atlas/Oranto has committed over US$350mn to the Alen Unit “backfill” gas monetisation project in partnership with global energy players such as Noble Energy, Glencore and Gunvor.

Beyond upstream operations, the group has demonstrated a strong commitment to local content and capacity building. In Uganda, Atlas/Oranto has invested in initiatives designed to empower local enterprises to participate in the oil and gas value chain.