Business
Liberia strikes oil – Potentially huge discovery
Tuesday, February 21, 2012
We want to commend African Petroleum and all our partners in the private sector for continuing to work with professionalism and efficiency to explore Liberia’s prospects, and re-iterate our commitment to fair, equitable and strong commercial partnerships going forward.”
The finding by African Petroleum took place in Block LB-09, off the coast of Liberia, one of two blocks being operated by the company under a Production Sharing Agreement negotiated by the Executive and ratified by the Legislature in 2008. The exploratory well is among several being drilled during 2011 and 2012 by different world class operators.
Copyright 2012 National Oil Company of Liberia.
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