TotalEnergies secures PSCs for LB-6, LB-11, LB-17 and LB-29 blocks offshore Liberia to expand deepwater portfolio

TotalEnergies secures PSCs for LB-6, LB-11, LB-17 and LB-29 blocks offshore Liberia to expand deepwater portfolio

(IN BRIEF) TotalEnergies has signed Production Sharing Contracts with the Liberia Petroleum Regulatory Agency for four offshore exploration blocks — LB-6, LB-11, LB-17, and LB-29 — covering 12,700 square kilometers in the Liberia Basin. The work program will begin with a firm 3D seismic survey. The agreements, awarded through the 2024 Direct Negotiation Licensing Round, mark the restart of exploration in offshore Liberia. Senior Vice-President Exploration Kevin McLachlan said the entry reflects TotalEnergies’ strategy to diversify into oil-prone basins with strong discovery potential, leveraging its expertise in deepwater operations to enable future developments that are both cost-effective and low in emissions.

(PRESS RELEASE) PARIS, 18-Sep-2025 — /EuropaWire/ — TotalEnergies has entered into four Production Sharing Contracts (PSCs) with the Liberia Petroleum Regulatory Agency (LPRA) for offshore exploration in blocks LB-6, LB-11, LB-17, and LB-29. The agreements follow the 2024 Direct Negotiation Licensing Round and mark a significant step in the revival of exploration activity in Liberia’s offshore sector.

The awarded blocks, covering an area of about 12,700 square kilometers in the southern Liberia Basin, represent one of the most promising areas for future oil exploration in West Africa. Under the terms of the PSCs, TotalEnergies has committed to conduct one firm 3D seismic survey as part of its initial work program.

Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies, highlighted the strategic importance of the agreements: “We are pleased to be part of the resumption of offshore exploration in Liberia. These new blocks are consistent with our strategy to diversify our exploration portfolio in high-potential oil-prone basins. They offer strong prospects for large-scale discoveries that could be developed in a cost-effective and low-emission manner, supported by TotalEnergies’ expertise in deepwater operations.”

The signing underlines TotalEnergies’ long-term commitment to exploring frontier areas with strong geological potential. By expanding into Liberia, the company is reinforcing its exploration presence across Africa, while aligning its portfolio with opportunities that support both growth and lower-carbon development.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

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SOURCE: TotalEnergies