VisionWave secures exclusive pathway to Liberia offshore Blocks LB-4 and LB-5 under LOE with NOCAL

Reuters
Yesterday
VisionWave secures exclusive pathway to Liberia offshore Blocks LB-4 and LB-5 under LOE with NOCAL
  • VisionWave entered a letter of engagement with Liberia’s National Oil Company related to offshore petroleum Blocks LB-4 and LB-5 in the Liberia Basin.
  • The agreement provides an exclusive pathway for eight months toward a potential production sharing contract, subject to approvals and ratification.
  • VisionWave plans to evaluate deploying its RF-based sensing and imaging technologies alongside conventional seismic and geophysical methods in offshore exploration workflows.
  • The engagement includes an initial signing bonus of USD 300,000 per block, totaling USD 600,000.


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