April 05, 2020

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Request for Expressions of Interest from Liberian Companies to Be Pre-Qualified for Participation in the Liberia Offshore License Round 2020

The Government of Liberia, demonstrating its commitment to ensuring Liberian indigenous companies direct involvement in the petroleum sector, amended certain provisions of the New Petroleum Law setting aside a mandatory 5% interest in all petroleum agreements to companies owned by natural persons of Liberian citizenship.

While this equity interest may be carried or paid, depending on the business relationship between the Operator, participants and the Liberian company, the Authority will conduct pre-qualification of all Liberian companies wishing to participate in keeping with the pre-qualification criteria established which are not similar to the criteria adopted for international oil companies. A list of pre-qualified Liberian companies will be submitted to qualified international bidders to possible partnerships in fulfillment of the amended petroleum law. Any company that is not pre-qualified will not be allowed to participate whether independently or as a participant in a joint venture with an international company.

In anticipation of conducting the Liberia Offshore License Round 2020, LPRA is soliciting applications for pre-qualification from Liberian companies wishing to participate in the bid round to be conducted from April 10-October 1, 2020. Download REOI from Liberian Companies to Be Pre-Qualified for Participation in the Liberia Offshore License Round 2020

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