The National Oil Company of Liberia (NOCAL) was established in April 2000, by Liberia’s National Legislature.
The company is responsible for the rights, titles and interests of the Republic of Liberia in the deposits and reserves of liquid and gaseous hydrocarbons within the territorial limits of the Republic of Liberia, whether potential, proven, or actual, with the aim of facilitating the development of the oil and gas industry in the Republic of Liberia.
The Liberia Basin consists of thirty concessionary blocks. 17 of these blocks are from the continental shelf to water depths of between 2500 to 4000 meters. 13 of the blocs are considered “ultra deep” with water depths of as much as 4500 meters.