“When a country has 33 blocks encumbered and unlicensed as our case, the chances of finding oil is impossible. He made the statement in Monrovia on Monday at the start of a three-day Round Table Consultations on pre-bid round oil and gas regulations and strategies. “These consultations demonstrate our willingness to operate in an inclusive, transparent and accountable manner as required by law,” the LPRA boss said. The three-day Round Table Consultations is being held ahead of the 2020 offshore Licensing round (bid round). The LPRA was established as an independent regulatory government agency to Grant Petroleum Rights (Reconnaissance License, Petroleum Sharing Contracts and Petroleum Transportation License) and to Conduct Bid Rounds or Direct Negotiation for the issuance of Petroleum Rights.

Source: GNN Liberia February 19, 2020 06:00 UTC