Core Insights - Liberia's oil regulatory authority (LPRA) has signed production sharing contracts (PSC) with Atlas Oranto covering four offshore oil and gas blocks in the Liberia basin [2] - The contracts include strict environmental and social protection clauses, transparent financial provisions, and a signing bonus of $15 million [2] - The partnership aims to leverage local talent and supply chain development, ensuring that the benefits of industry growth reach the Liberian people [2] Group 1 - The signed contracts cover blocks LB-15, LB-16, LB-22, and LB-24 in the Liberia basin [2] - The contracts are pending approval from the national legislature and presidential signature before taking effect [2] - The LPRA director, Marilyn Logan, highlighted the potential of Liberia's oil and gas resources and the expected benefits in terms of investment, employment, skills training, and knowledge transfer [2] Group 2 - Atlas Oranto's executive chairman, Prince Arthur Eze, emphasized the company's view of Liberia as an important partner and their commitment to mutual success [2] - The collaboration is based on Liberia's Petroleum Exploration and Production Law, aiming to promote local talent and ensure sustainable development [2] - The initiative is expected to drive long-term development of Liberia's oil and gas resources [2]

Core Insights - China National Offshore Oil Corporation (CNOOC) announced the signing of production sharing contracts for two exploration blocks in Indonesia, Gaea and Gaea II, with SKK Migas and other partners [1] Group 1: Contract Details - The contracts involve exploration blocks located in the southern part of West Papua, Indonesia, covering a total area of approximately 12,000 square kilometers [1] - The first phase of the exploration period is set for three years [1] Group 2: Stakeholder Information - The Gaea and Gaea II blocks were awarded in April 2025, with the East Java project partners holding a 40% non-operator interest [1] - CNOOC's wholly-owned subsidiary holds a 5.56% interest in the blocks, while EnQuest serves as the operator with a 40% interest, and Agra holds a 20% non-operator interest [1]