For many years it seemed that Liberia has missed out on the West African oil bonanza – whilst Nigeria has already established itself as the leading oil producer in the Gulf of Guinea and Ghana was about to celebrate the discovery of Jubilee, Liberia was still bleeding from a 14-year civil war. Having allocated substantial parts of its offshore areas to leading majors in the 1 st and 2 nd licensing rounds, it took several years to iron out all the technicalities of Liberia’s exploration and production terms, a period which was dampened by rather pessimistic exploratory drilling results. There is a strange irony in that following more than a decade of leisurely political decision-making Liberia is to push forward with its offshore licensing round with the COVID-19 pandemic raging on and oil prices being at multi-year lows but that is exactly what is going on. The Liberia Petroleum […]