Liberia, April 6 -- The Liberia Petroleum Regulatory Authority (LPRA) is using an Executive Allocation (EA) process to award four (4) offshore blocks to the National Oil Company of Liberia (NOCAL) and its proposed partners.

The Executive Allocation process, like Competitive Bidding or Direct Negotiation processes, is subject to statutory pre-qualification, due diligence and other requirements of the LPRA.

Companies seeking petroleum rights through the Executive Allocation process must demonstrate the financial, technical, and legal capacity to execute petroleum operations in Liberia.

Discover more Water Political analysis reports Executive Allocation is provided for under Section 14 of the 2019 Amendment to Liberia's Petroleum (Explora...