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31 Jan 2025

Liberia’s Minister of Mines & Energy to Showcase Upstream Investment Opportunities at IAE 2025

Liberia’s Minister of Mines & Energy to Showcase Upstream Investment Opportunities at IAE 2025

Liberia’s Minister of Mines and Energy, Wilmot Paye, will speak at the Invest in African Energy (IAE) Forum in Paris this May, showcasing Liberia’s ongoing initiatives to attract upstream investment.

In August 2024, Liberia launched a Direct Negotiation Licensing Round, offering 29 promising blocks across the Liberia and Harper Basins. These under-explored offshore areas, known for their geological potential, present substantial opportunities for both major international oil companies and smaller, independent investors. Through the Liberia Petroleum Regulatory Authority (LPRA), the government is seeking to stimulate exploration and production activity, offering attractive terms such as 100% cost recovery for seismic data. In partnership with energy data firm TGS, the LPRA has made available high-quality seismic data, including over 24,000 km of 2D and 26,000 km² of 3D seismic, to assist investors in assessing the blocks' potential. With a transparent and competitive bidding process, the licensing round is expected to attract significant foreign investment, contribute to Liberia’s energy security and support the development of local capacities in the burgeoning oil and gas sector.

IAE 2025 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.invest-africa-energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Liberia's oil and gas sector is currently in a developmental phase with significant potential, as its current blocks on offer hold up to one billion barrels of oil. That said, production has been limited to date, primarily due to a lack of infrastructure, underinvestment and regulatory challenges. The government is actively working to attract foreign investment through licensing rounds and joint ventures, aiming to develop its oil fields and build a sustainable energy sector. Liberia is also exploring the possibility of expanding its natural gas sector and promoting the use of renewable energy sources. As political stability improves and the regulatory framework evolves, Liberia’s oil and gas sector holds significant opportunities for growth, though it will require continued investment and strategic partnerships to unlock its full potential.

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