Country Report

Liberia upstream summary

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19 December 2016

Liberia upstream summary

Report summary

The oil and gas industry in Liberia is still in its infancy. Exploration in the 1970s briefly focused on shallow water, pre-rift targets. Two civil wars (1989-1996 and 1999-2003) severely damaged the country. Upstream activity re-started in 2007 following the Jubilee discovery in Ghana, which shifted exploration attention to the Atlantic Margin. The 2012 Narina discovery, though sub-commercial, proved the extension of the deepwater Cretaceous play into Liberia. However, Narina is the only ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Geology Introduction
    • West African Transform Margin
      • Sedimentary Basins
      • Source Rocks
      • Reservoirs and Traps
    • Licensing
    • Offshore Licensing
    • Onshore Licensing
    • Historical Licensing
      • First licensing round (2004)
      • Second licensing round (2007-2008)
      • Third licensing round (2009)
    • Drilling
      • Drilling activity
  • Reserves and resources
    • Oil/liquids
    • Introduction
    • Key legislation
    • Regulatory body
    • State oil company
    • Licensing
    • Overview
    • Upstream
      • Production Sharing Contracts
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • 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 10 images and tables including:

  • Key facts: Table 1
  • Location of Liberia
  • Net Acreage 2018
  • Reserves and resources: Table 1
  • Geology of Liberia and Sierra Leone
  • Blocks in Liberia
  • Exploration: Table 1
  • Liberia basin stratigraphic column
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2

What's included

This report contains:

  • Document

    Country Overview

    PDF 528.49 KB

  • Document

    Country Overview

    XLS 227.00 KB

  • Document

    Country Overview

    ZIP 711.87 KB

  • Document

    Executive summary

    PDF 58.43 KB

  • Document

    Key facts

    PDF 65.54 KB

  • Document

    Location maps

    PDF 287.37 KB

  • Document

    Key companies

    PDF 65.50 KB

  • Document

    Geology

    PDF 165.25 KB

  • Document

    Exploration

    PDF 159.23 KB

  • Document

    Reserves and resources

    PDF 68.85 KB

  • Document

    Production

    PDF 53.85 KB

  • Document

    Infrastructure

    PDF 53.92 KB

  • Document

    Policy and regulation

    PDF 57.97 KB

  • Document

    Fiscal terms

    PDF 117.19 KB

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