TotalEnergies, BluEnergies partner on deep water hydrocarbon exploration offshore Liberia

TotalEnergies SE (TTE) and BluEnergies Ltd. (BLU) have signed a joint study and application agreement to assess the hydrocarbon potential of BluEnergies’ deepwater fan play in the Harper Basin, offshore Liberia. Located along the West Africa Transform Margin and its conjugate South American Margin, this area is an active exploration and development zone, BLU said in a release Jan. 15.

The agreement aims to identify prospects within blocks LB-26, LB-30, and LB-31. If commercially viable drillable prospects are confirmed, the companies plan to pursue production sharing contracts. A jointly funded 18-month work program is under way, including seismic data reprocessing for improved reservoir imaging and seabed data acquisition to reduce exploration risk. TGS ASA is reprocessing 6,167 sq km of 3D seismic data, and additional seabed surveys (multibeam/backscatter and heat flow studies) are in progress.

To support these efforts, the companies’ Liberian subsidiaries have secured Reconnaissance License LPRA-003 (RL-003) from the Liberia Petroleum Regulatory Authority, covering 8,924 sq km. BLU holds a 35% interest, and TTE holds 65%. The license runs through June 30, 2027, replacing BLU’s previous RL-002, on which seismic interpretation delineated seven large-scale discrete Cretaceous-aged basin floor fans, BLU said.

Expenditures under both licenses will be recoverable under any future production sharing agreements.