10 August 2026businessfront.com

TotalEnergies Signs Liberia Offshore PSCs for $200M Per Block

SigSignificance4.20SenSentiment+4.50EnvEnvironment-2.50SocSocial+2.10GovGovernance+2.00

TotalEnergies signed four production sharing contracts covering about 12,700 square kilometres in Liberia’s southern offshore basin, the country’s first upstream petroleum agreements in over a decade. Blocks LB-6, LB-11, LB-17 and LB-29 were negotiated with LPRA, ratified by the legislature, and carry a $16 million signature bonus plus an estimated $200 million investment per block. 2026 work focuses on seismic, seabed surveys and drilling-case development.

Coverage (1)

TotalEnergies commits $200 million per block to Liberia's first offshore oil contracts in over a decade (businessfront.com)

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