• Most Popular
  • Most Shared

Liberia may have over 1 bln barrels in oil resources

Tue Nov 3, 2009 7:19am EST

Stocks

   

CAPE TOWN, Nov 3 (Reuters) - Liberia may have oil resources of over a billion barrels, with the first well expected to be drilled next year, a senior national oil company official said on Tuesday.

Marie Leigh-Parker, NOCAL's senior vice president for administration and finance, said the first well would be drilled by Anadarko Petroleum (APC.N) next year.

"We are hoping to get more than a billion barrels of oil," she told Reuters on the sidelines of an Africa oil conference.

Liberia also expects to conclude the bidding process for off-shore oil exploration blocks 1-5 by the end of this year, with some 11 companies, including majors, interested so far. (Reporting by Agnieszka Flak and Wendell Roelf)



More from Reuters

A Greenpeace activist dressed as one of the "Four Horsemen of the Apocalypse" rides outside the parliament building during a brief protest in Copenhagen December 13, 2009. REUTERS/Christian Charisius

The face of climate protest

Protesters around the globe called for an end to global warming as climate talks in Copenhagen entered their sixth day.  Video 

    Climate conference
    In this photo reviewed by the U.S. Military, a guard leans on a fencepost as a Guantanamo detainee (L) jogs inside the exercise yard at Camp 5 detention center, at the U.S. Naval Base in Guantanamo Bay, January 21, 2009. REUTERS/Brennan Linsley/Pool

    Life after Guantanamo

    Critics are worried that Gitmo prisoners once dubbed "enemy combatants" will be using prisons as pulpits for anti-American rhetoric once they're moved to U.S. soil.  Full Article 

    U.S.
    Lockheed Martin Chief Executive Robert Stevens answers a question during the Reuters Aerospace and Defense Summit in Washington December 14, 2009. REUTERS/Molly Riley

    Lockheed eyes deals

    The future demands of cybersecurity make that sector one of many the aerospace giant sees as an acquisition target in the coming year.  Full Article 

    Aerospace and Defense Summit