Reconnaissance License Fees and Application Requirements for Offshore Areas Regulation.

These Regulations apply to applications for reconnaissance licenses in Liberia's offshore basins without competitive bidding, requiring companies to (i) apply to the Liberia Petroleum Regulatory Authority (LPRA); (ii) meet the following requirements: applicant company's details, incorporation information, area description, desired license period (max two years), proposed work and budget, financial and technical capability evidence, and an environmental impact assessment; (iii) pay an annual fee.