Project Profile
Estimated value: US$2.2 billion
Location: Offshore Liberia, Africa
Water depth: 1,000 - 2 000 m
Exploration start-up: June 2009
The block, LB-10, is operated by Anadarko Liberia Block 10, a wholly owned subsidiary of Anadarko Petroleum Corporation. The block is in a deep water area, with depths of between 1,000 and 2,000 metres. The initial exploration work has been started in the LB-10 from June 2009 when Anadarko has reached a Production Sharing Contract (PSC) with National Oil Company of Liberia. In addition to MC’s participation, Repsol YPF, has also acquired 10% interests. Promising prospects have already been identified through 3-D seismic work.
Operators:
Anadarko: Operator with 80% interest
Mitsubishi Corp: 10% interest
Repsol YPF: 10% interest