
10/10/2025
LPRA Presents Oil Exploration Contracts to President Boakai
Rehab, ELWA – October 10, 2025:
The Liberia Petroleum Regulatory Authority (LPRA) has presented eight new Production Sharing Contracts (PSCs) to President Joseph Nyuma Boakai, Sr., marking the first petroleum agreements signed in nearly a decade.
The contracts, negotiated under the 2024 Direct Negotiation Licensing Round, involve TotalEnergies EP Liberia B.V. and Atlas Oranto Petroleum Limited, covering eight offshore blocks.
LPRA Director-General Marilyn T. Logan said the agreements reflect transparency, professionalism, and Liberia’s renewed commitment to responsible resource management. The deals will generate millions in signature bonuses, long-term government revenue, jobs, and community development benefits.
LPRA Board Chair Jack Kabakollie hailed the milestone as a major boost to Liberia’s economy, while President Boakai commended the team for their leadership and reaffirmed his administration’s commitment to transparency and sustainable growth.
The contracts will now be submitted to the National Legislature for ratification.