The NEWS (Monrovia)
3 September 2008Posted to the web 3 September 2008
Monrovia
If oil is found in commercial quantity it could take up to 2016 to market, the National Oil Company of Liberia has hinted.
According to a release yesterday, two European-based firms and an Australian-based firm have entered into a Production Sharing Contract with the Liberian oil company.
The European Hydrocarbon Limited, an oil company incorporated under the laws of England and Wales is one of the three firms contracted for blocks LB-8 and 9 while Woodside West Africa PYT. Limited, an Australian registered company is the other firm contracted for block LB-15.
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