Licensing and Permit: Section 14.1 of “An Act to Amend Certain Provisions of the New Petroleum (Exploration and Production) law of 2014 and Part-II section 4.1 of the New Petroleum (Exploration and Production) law of 2014 authorized the LPRA to grant the following license for petroleum rights:
License granted to undertake preliminary petroleum activities for the purpose of acquiring geo-scientific data, including geological, geophysical and geochemical surveys.
Agreements in the form of a contract that authorize a contractor, at its own risk, to conduct petroleum operations, recover cost (in the event of a commercial discovery) and share of production of petroleum between the State and the contractor in accordance with a scale or formula specified in the petroleum agreement.
Content coming soon!!
Other Petroleum agreement channels
LPRA awards Petroleum Agreements through:Direct Negotiation: Direct Negotiation is framed through a 5-phase process following the LPRA’s announcement of a licensing round through Direct Negotiation. Interested investors must satisfactorily complete each phase before transitioning to the next phase. The LPRA notifies applicants about their successful completion of each phase in order to progress and all approvals and requests to move to the next phase are expressly communicated to the applicants.
International Competitive Bidding : (Coming soon )
Executive Allocation: (Coming soon )
Social Contribution
Our social investment and community relation activities align with Liberia’s national development agenda and adhere to the standards set by the International Petroleum Industry Environmental Conservation Association (IPIECA) and the International Finance Corporation (IFC).These standards underscore our dedication to social responsibility within the hydrocarbon sector, reflecting our resolve to foster sustainable development and ethical stewardship of resources. We recognize the invaluable insights and capabilities of local organizations in identifying and tackling socio-economic challenges at the community level. Our approach to social investment is grounded in forging robust partnerships with these community-based organizations, enabling the co-design and implementation of impactful socio-economic programs. This collaboration leverages local expertise and ensures that our interventions are contextually relevant and sustainably beneficial.
In alignment with the Boakai’s administration ARREST agenda — which focuses on Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism — the LPRA has strategically chosen to prioritize initiatives in Sanitation, Education, and Agriculture (SEA). By channeling resources and efforts into SEA, we aim to foster environments where education flourishes, agricultural productivity thrives, and sanitation standards elevate, thereby catalyzing comprehensive community development and enhancing quality of life across Liberia.