In a historic step for Liberia’s vitality sector, the Liberia Petroleum Regulatory Authority (LPRA) has signed 4 Manufacturing Sharing Contracts (PSCs) with international vitality large TotalEnergies for offshore Blocks LB-6, LB-11, LB-17, and LB-29 within the Liberian Basin.
Paris, September 17, 2025: The agreements, signed in Paris, will take impact upon endorsement by President Joseph N. Boakai and ratification by the Nationwide Legislature.
This deal marks Liberia’s first upstream petroleum settlement in over a decade and represents one of the crucial vital overseas direct investments within the nation’s oil and fuel trade because the early 2010s.
As one of many world’s main built-in vitality firms, TotalEnergies’ entry into Liberia is seen as a significant vote of confidence within the nation’s hydrocarbon potential, and a turning level for its dormant offshore petroleum program.
“The signing of those PSCs with TotalEnergies ends a decade-long pause on Liberia’s offshore petroleum program, marks a optimistic turning level within the nation’s vitality future, and stands as a vote of confidence within the reforms now we have undertaken to draw accountable operators,” stated Marilyn T. Logan, Director Common of the LPRA.
LPRA Director Common Ms. Logan
She added that the partnership guarantees greater than useful resource growth.
“It affords not solely potential for useful resource growth but in addition concrete alternatives for native capability constructing, information switch, and sustainable development for Liberia,” Logan emphasised.
From the corporate’s perspective, the transfer is a strategic one. With a worldwide portfolio and a long time of expertise in deepwater exploration, TotalEnergies sees Liberia as a high-potential frontier.
“TotalEnergies is enthusiastic to be a part of the resumption of exploration actions in offshore Liberia,” stated Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies. “Coming into these blocks aligns with our technique of diversifying our Exploration portfolio in high-potential new oil-prone basins. These areas maintain vital potential for prospects which have the potential for large-scale discoveries that result in cost-effective, low-emission developments, leveraging the Firm’s confirmed experience in deepwater operations.”
The agreements stem from Liberia’s 2024 Licensing Spherical, and are structured to fulfill international requirements for transparency, environmental accountability, and native participation. Every contract consists of environmental and social safeguards, clear income administration mechanisms, and sturdy native content material necessities.
The contracts are anticipated to cut back funding danger, elevate Liberia’s profile in worldwide petroleum markets, and doubtlessly catalyze additional curiosity from international exploration companies.
Because the impartial regulator of Liberia’s upstream petroleum sector, the LPRA is tasked with guaranteeing clear, secure, and sustainable operations. The company oversees licensing, compliance, and governance, aiming to maximise long-term worth for each the Liberian individuals and worldwide companions.
