Monrovia – The Government of Liberia (GOL), through the Liberia Petroleum Regulatory Authority (LPRA), has announced an extension of the timeframe for the Liberia License Round, 2020 affecting nine (9) blocks in the highly prospective Harper Basin. Launched in April 2020, the license round attracted interests from diverse players within the industries with expectation of closure by October 2020. The Government previous announcement set the deadline for Pre-qualification on October 31, 2020 with qualified candidates required to submit final bids by February 2021. In addition to the extension of the bid round, LPRA has also announced new changes to the commercial terms as a mean of incentivizing investment in Liberia. Under this new adjustment, there will be no minimum requirement thereby allowing companies to submit bids describing their proposal for signature bonus.

Source: Front Page Africa November 10, 2020 18:11 UTC