Country Report
Liberia upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Exploration in Liberia has yet to achieve commercial success, with Narina being the only sub-commercial discoveryThe oil and gas industry in Liberia is still in its infancy. Initial exploration in the 1970s, which focused on shallow water, pre-rift targets, was unsuccessful. Two civil wars (1989-1996 and 1999-2003) caused significant damage. Exploration resumed in 2011 spurred on by the excitement from the 2007 Jubilee discovery in Ghana, which drew explorers' attention to the Atlantic ...
Table of contents
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Executive summary
- Exploration in Liberia has yet to achieve commercial success, with Narina being the only sub-commercial discovery
- The failure of the Mesurado-1 well and allegations of corruption have led to prolonged inactivity in the upstream sector
- Liberia has a new President
- The government has pursued direct negotiations to revive its oil and gas industry
- Key facts
- Location maps
-
Geology
- Geology Introduction
-
West African Transform Margin
- Sedimentary Basins
- Source Rocks
- Reservoirs and Traps
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Exploration
-
Licensing
- Offshore Licensing
- Onshore Licensing
- Historical Licensing
-
Drilling
- Drilling activity
- Seismic activity
-
Licensing
- Reserves and resources
-
Production
- Oil/liquids
- Gas
-
Infrastructure
- Introduction
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- Licensing
-
Fiscal terms
- Overview
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Upstream
- Production Sharing Contracts
- Hydrocarbon Reconnaissance License
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Mid/Downstream
- Pipelines
- Gas Utilisation
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Current fiscal terms
- State equity participation
- Bonuses, rentals and fees
- Indirect Taxes
- Royalty and Other Production Taxes
- Domestic Market Obligation (DMO)
- Cost Recovery
- Profit Sharing
- Contractor Revenue Entitlement
- Product Pricing
- Corporate (or Petroleum) Income Tax
- Additional Profits Taxes
- Fiscal/Contractual Ring-Fences
- Dividend Withholding Tax
Tables and charts
This report includes 8 images and tables including:
- Key facts: Table 1
- Location of Liberia
- Reserves and resources: Table 1
- Geology of Liberia
- Liberia basin stratigraphic column
- Blocks in Liberia
- Fiscal terms: Table 1
- Fiscal terms: Table 2
What's included
This report contains:
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