National Oil Company of Liberia
The Authority, occasionally, opens up offshore blocks for companies to express interest through competitive Evaluation is conducted against set criteria for the bid rounds, and winners are declared for the selected blocks.
Under special cases, the Authority receives applications/ expressions from a company for certain block (s). Pre-qualification is conducted, and the Authority then negotiates directly with the Company.
A company may approach NOCAL for a block (s) of choice under the Executive Allocation Process. Thereafter, NOCAL will request the President of the Republic of Liberia to declare 100% interest in the block. NOCAL then negotiates an equity interest to be divested to the company.