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Liberia to Offer Nine Offshore Blocks

Gasoil News - Published on Tue, 14 Jan 2020

Image Source: Liberia Petroleum Regulatory Authority
The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round, expected to commence in April 2020. Nine blocks will be on offer in the Harper basin, one of the last unexplored and undrilled regions offshore West Africa. Geophysical company TGS holds a range of multi-client data across this acreage to support the licensing round, including 5,272 kilometers of 2D and 6,276 square kilometers of 3D seismic, gravity and magnetic data.

Syn-rift structural traps can be identified over much of the area, which offer multi-level prospectivity, with direct analogues to producing fields in neighboring basins. Modelling predicts the source rock maturity and expulsion post-dates the main tectonism in the basin, and seal presence is evident in West African Transform Margin analogues. Also, Cretaceous slope and basin floor fan systems demonstrating high amplitude character have been identified, some of which cover over 300 square kilometers. Volumetric assessment of these features suggests field sizes over a billion barrels of oil in place could be present.

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Posted By : Yogender Pancholi on Tue, 14 Jan 2020
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