Disappointing Licensing Rounds. Direct Negotiations Could Be a Win-Win in 2023 for Africa Oil and Gas
In late 2019, as the African oil and gas industry was looking to the future with optimism, Offshore Engineer wrote that the continent was had reason to expect a “more productive 2020.” Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the world.
Never Underestimate the Importance of the Geoscience Companies in Africa in 2023
It didn’t surprise me when TGS, the Norwegian seismic data company, announced last May that it would work with National Oil Company of Liberia (NOCAL) to reprocess more than 5,100 square kilometers of 3D seismic data captured in the offshore Liberian basin. After all, the company has a 20-plus year history working in west Africa. TGS has helped countries strengthen their petroleum laws and supported authorities’ efforts to promote licensing rounds and farm-outs.
