MONROVIA, LIBERIA-President Joseph Boakai has recommitted the Government of Liberia to a stable and predictable investment environment, while ensuring that offshore exploration is conducted in line with national development priorities.

The Liberian Leader committed over the weekend, when he welcomed the Senior Executives of TotalEnergies to Liberia, as the company prepares to commence offshore petroleum exploration activities in the Liberian Basin.

President Boakai informed the delegation that Liberia is open for credible investments and is committed to strong institutions, clear rules, and partnerships that support sustainable economic growth for the people.

According to a dispatch, the engagement followed the successful conclusion of the first Joint Operations Committee (JOC) meeting between the Liberia Petroleum Regulatory Authority (LPRA) and TotalEnergies EP Liberia for LB 06, LB-11, LB-17, and LB-29.

The JOC serves as the principal governance platform for overseeing the implementation of Production Sharing Contracts (PSCs), ensuring regulatory compliance, and strengthening coordination.

Meanwhile, the Director General of the LPRA, Marilyn Logan, emphasized the importance of strict adherence to regulatory reporting requirements and local content provisions.

Madam Logan said,” Such a move will enable the country to maximize national benefits and support capacity development for Liberians.

The meeting brought together senior officials from the LPRA, TotalEnergies, the Ministries of Mines and Energy, Finance, and the National Oil Company of Liberia.

Remarking, TotalEnergies EP Liberia Managing Director, Isabelle DALSACE, reaffirmed TotalEnergies’ commitment to conducting all of its activities in line with international best practices.

Madam DALSACE also underscored a whole-of-government approach to supporting responsible offshore exploration.