TotalEnergies signs production sharing contracts offshore Liberia

As a result of the 2024 Direct Negotiation Licensing Round that was organised by the Liberia Petroleum Regulatory Agency, TotalEnergies has signed production sharing contracts for four exploration blocks offshore Liberia

The blocks LB-6, LB-11, LB-17 and LB-29, covering an area of approximately 12,700 sq km, are located in the south of the Liberia Basin. The company has framed a work programme to delve deeper into the region with a 3D seismic survey.

"TotalEnergies is enthusiastic to be part of the resumption of exploration activities in offshore Liberia," said Kevin McLachlan, senior vice-president for exploration at TotalEnergies. "Entering these blocks aligns with our strategy of diversifying our Exploration portfolio in high-potential new oil-prone basins. These 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’s proven expertise in deepwater operations."