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.
AN ACT TO AMEND AND RESTATE THE NEW PETROLEUM LAW OF LIBERIA 2002 THEREBY ESTABLISHING THE NEW PETROLEUM (E<PLORATION AND PR(JDUCTION) REFORM LAW OF LIBERIA, 2014
View ReportAn Act to Amend and Restate the New Petroleum Law Of Liberia 2002 thereby Establishing THE NATIONAL OIL COMPANY OF LIBERIA, (NOCAL) ACT 2014
View ReportAN ACT TO AMEND CERTAIN PROVISIONS OF THE NEW PETROLEUM (EXPLORATION AND PRODUCTION) REFORM LAW OF LIBERIA, 2014
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