Atlas Oranto Petroleum Limited, a Nigerian independent energy company founded by Nigerian billionaire Arthur Eze, has secured four offshore exploration blocks in Liberia, a move that could reinvigorate the West African nations oil and gas ambitions.
The deal comes as global energy majors return to Liberias waters. It follows TotalEnergies acquisition of four offshore blocks earlier this year and ExxonMobils re-entry into the country in 2023.
President Joseph Nyuma Boakai confirmed the signing of production sharing contracts PSCs between the Liberia Petroleum Regulatory Authority and Atlas Oranto. The agreements cover blocks LB-15, LB-16, LB-22 and LB-24.