The National Oil Company of Liberia (NOCAL) has solidified its long-standing partnership with global geological and geophysical leader TGS NOPEC to propel the West African nation’s oil and gas sector.
During recent presentation at the Executive Mansion, Acting CEO Fabian Lai detailed how this transformative alliance, which has spanned over two decades, is accelerating Liberia’s energy revolution and positioning the country as a key player in West Africa’s energy market.
Lai reported that the partnership has culminated in an extensive multi-client seismic survey program, encompassing over 15,000 square kilometers of Liberia’s offshore basins. This major initiative not only enhances Liberia’s appeal to supermajors and independent oil companies but also establishes it firmly on the map as a promising energy frontier.
The economic ramifications of this partnership are already being felt nationwide, with Liberia currently receiving 80% of revenues from the sale of legacy 3D data. Lai highlighted how this revenue-sharing model has infused the national treasury with vital financial resources, allowing for much-needed improvements in public services and community development projects.
President Joseph Boakai praised TGS NOPEC for their commitment to Liberia’s development and urged them to increase their corporate social responsibility (CSR) contributions in light of recent reductions in USAID support.
“We want to solidify TGS NOPEC as a responsible partner for our nation,” President Boakai stated, emphasizing the necessity for ongoing discussions to enhance CSR initiatives and further collaboration.
A pivotal aspect of the NOCAL-TGS NOPEC partnership is its focus on local empowerment and capacity building. Lai explained that both organizations are dedicated to investing in the education and professional development of Liberian staff, fostering a generation of local talents who will lead the energy sector in the future.
The partnership has also made strides in community engagement, with NOCAL committing US$200,000 annually for social initiatives. Projects funded through these contributions have made a tangible difference, including renovations to the Intensive Care Unit (ICU) and trauma unit at the John F. Kennedy Medical Center, with a total investment of US$15,000.
Furthermore, medical contributions amounting to US$60,000 and the acquisition of ICU beds costing US$142,955 have significantly bolstered public healthcare in the capital.
In addition to healthcare initiatives, the partnership has supported local entrepreneurs, donating US$40,000 to programs that uplift women and disabled community members. Such economic empowerment initiatives mark a significant step towards sustainable development.
Looking ahead, Lai underscored NOCAL’s ambition to attract further investment into Liberia’s energy sector. Plans are underway to conduct additional geological and geophysical studies onshore, as well as a feasibility study for constructing a shore base to support offshore exploration. These efforts are expected to generate jobs and invigorate local economies.
The collaboration between NOCAL and TGS NOPEC continues to exemplify a benchmark for corporate partnerships in Liberia, blending technological advancement with social responsibility and economic growth. Lai reaffirmed his commitment to leverage this partnership for the collective benefit of all Liberians, positioning the energy sector as a cornerstone for national development and future prosperity.
