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Liberian Basin - When the Atlantic opened rivers from the interior (St. Paul, Cestos, Cavalla and Lofa) flowed to the Liberian coast depositing a thick series of sediments into the Liberian basin.
Hydrocarbon exploration began offshore in Liberia basin in the 1940s on the shelf. This had no success and exploration ceased until 2000 when TGS-NOPEC, directed by the newly formed National Oil Company (NOCAL), began the acquisition of 2D seismic data. This confirmed some potential for oil-bearing structures in deep water areas up to 3000m. With the installation of a transitional government in 2003, NOCAL proceeded with a licensing round modelled after the Sierra Leone round. Four offshore blocks were awarded to 3 companies.
For recent events see News
Oil and gas forecasts
See Liberia Charts
LIBERIA: OFFSHORE LICENSE AREAS
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