Liberia: Weah signs amended Petroleum Act

Issue 402 - 25 Oct 2019 | 1 minute read
President George Weah on 16 October signed into law the amended Petroleum Act of 2019, which aims to update the 2014 law as part of efforts to revive offshore oil and gas exploration. The law increases block sizes to a maximum of 3,500km2, from 2,000km2 previously. National Oil Company of Liberia (Nocal) is working with TGS-Nopec to re-draw the blocks. The re-sized blocks will align with the Global Grid System as mandated by the Economic Community of West African States for its members, Nocal said.

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