SEMICA LIBERIA International Mining, Energy and Petroleum Conference & Exhibition will take place from 28 – 30 November 2019, in Monrovia, Republic of Liberia. The event is organised by the Ministry of Mines & Energy, Republic of Liberia, in association with SEMICA Inc., Burkina Faso.
SEMICA LIBERIA gathers the key players in Africa and Liberia’s Mining, Energy and Petroleum industries, with international investors, industry experts, consultants, technology providers, and financiers, to discuss the future of these key sectors for economy.
Want to know more on Liberia ?
MINING: Liberia has extensive Archean and Proterozoic terranes highly prospective for many metals and industrial minerals, but detailed geology poorly known. Gold, iron ore and diamonds widespread, with mines opened since 2013 and other projects in the pipeline. There are known potentially economic targets for diamonds, base metals, manganese, bauxites, kyanite, phoshates, etc. However, only little modern exploration carried out for most mineral commodities with the exception of gold and iron ore.
Notwithstanding, a national datasets for geology, airborne geophysics and mineral occurrences are available in digital form, a modern mineral licensing system and New Mineral and Mining Law (NMML) strengthened by the Public Procurement and Concessionary Commission Act (PPCCA) which provides a coordinated policy framework to facilitate the development of an internationally competitive mining sector and promote regional and international trade.
By analogy with Precambrian terranes elsewhere, Liberia is considered to be highly prospective for a wide range of metallic and industrial mineral deposits. Elsewhere in West Africa world-class resources of gold and iron ore are widely known and high levels of exploration for non-ferrous metals, especially gold, have been sustained for long periods. The region also has a long history of mining bauxite and manganese, while the base metal potential has only been appreciated more recently with the discovery of significant deposits of zinc and nickel-copper.
PETROLEUM: In Liberia, the hydrocarbon (Oil and Gas) sector is still in the exploration phase but with good prospect for discovery in view of geological setting and prospectivity analysis. In the oil and gas sector, partnership with, TGS-NOPEC (US based G&G Data Firm) has showcase Liberia’s geological and geophysical potential as an emerging frontier for investment in the hydrocarbon sector. Roadshows and conferences have witnessed presentation on the Liberian basins thus attracting key players like EXXon-Mobile, Anadarko, Chevron, etc.
After the years of civil conflicts in 2000, a new petroleum law was approved, and in April the state oil company NOCAL was established with the objective of facilitating the development of the oil and gas industry. That same year the company TGS Nopec acquired new seismic data. Through the following decade a large database of 2D seismic data, gravimetric/magnetic data, and 3D seismic data was developed.
A re-demarcation of offshore blocks was done and development of a new model production sharing agreement (PSA) was also set-up, ten contracts were subsequently signed. In the following years, six deep-water wells were drilled and demonstrated the presence of an active petroleum system. Narina-1, drilled in Block 9 in 2012, encountered 32 m of net oil pay in sandstones of Cretaceous age. However, there was no commercial discovery.
Lack of exploration in our basin for the past three years has been largely due to the decline in oil prices and the inherent failure to find oil deposits as large as expected.
Over the years of exploration, we’ve drilled ten wells with two geologic discoveries and acquired 34,000 km2 and 24,000 km2 of 2D and 3D seismic data respectively. We also have scores of well data which is now been laid out for reprocessing and interpretation. This will give our data package the requisite boost for better prospectivity mapping.
The Petroleum (Exploration and Production) Law and the NOCAL Act of 2014–approved in 2016–repealed and replaced the previous “NOCAL Act of 2000” and the “Petroleum Law of 2002”, respectively. These two laws were developed with the World Bank’s assistance with input received from national and international consultations. The Petroleum Law separates the commercial and regulatory functions in the petroleum sector by creating two institutions: Liberia Petroleum Regulatory Authority (LPRA) and National Oil Company of Liberia (NOCAL).
We have a clear mission of what we want to accomplish – develop Liberia’s hydrocarbon potential for national self-sufficiency and sustainable development. As part of our mandate, we are tasked to work in collaboration with the Liberia Petroleum Regulatory Authority (LPRA) to delineate, establish, and issue licenses for particular areas, fields, and blocks in order to effectively undertake and/or facilitate the exploration and establishment of the country’s liquid and gaseous hydrocarbons deposits, both on land and in our sovereign waters.
ENERGY: Energy access in Liberia represents a significant challenge, as the country has one of the lowest electrification rates in the world. In 2016, an estimated 88% of the population – over four million people – did not have access to electricity, with a significant disparity in rates of access between urban (16% access) and rural (3% access) areas. The GoL has set a target of increasing electrification rates to 70% in the capital Monrovia and 35% of rural areas by 2025 and universal electricity access nationwide by 2030.
The Liberian Energy sector has huge demand for transmission and distribution of electricity to the growing population. This creates a market for any investor to meet these demands.
To support and enhance private sector participation, the Government of Liberia passed the 2015 Electricity Law of Liberia which serves legal framework basis for unbundling the sector, thus creating the Liberia Electricity Regulatory Commission responsible for the issuance of license to operators and investors in Electricity.
The government believes these challenges present clear investment opportunities for the private sector. One solution to stabilize the hydro dam at 88 megawatts throughout the year is to build a reservoir at the confluence of the Via and St. Paul River over which Mount Coffee sits. The reservoir and cascading dams along the St. Paul River can generate as much as 500 to 800 megawatts of power.
Liberia envisioned electrification through the use of Clean Energy Mini Grid (CEMG). There are currently 11 installed/existing CEMG with the potential for more CEMG projects in the near future.
Liberia has abundant sunshine and many river bodies for power generation.
Stand-alone renewable energy systems are being installed by GIZ EnDev in Liberia since 2017. This is a fast approach to increase the energy access to rural communities.
There are several development partners active in the Liberia energy sector; USAID, EU, GIZ, Embassy of Sweden, UKAID including continental Banks.