| Description: | THE NATIONAL OIL COMPANY OF LIBERIA (NOCAL), is an agency and instrumentality
of the Liberian Government with its principal office in the City of Monrovia, and with additional offices in such other places within and without the Republic of
Liberia as the Board of Directors may deem necessary. The Corporation is established for he purpose of holding all
of the right, title and interest of the Republic of Liberia in the deposits and reserves
of liquid and gaseous hydrocarbons within the territorial limits of the Republic of
Liberia, whether potential, proven, or actual with the aim of facilitation the
development of the oil and gas industry in the Republic of Liberia. Some of NOCALs' function is to To organize, conduct, arrange, and supervise all relevant research and
exploration for liquid and gaseous hydrocarbons in Liberia, and to delineate,
establish, and issue licenses for particular areas, fields, and block, as the case may
be, on such terms and conditions as shall be deemed appropriate, subject to the
approval of the Board of Directors and final ratification by the President of Liberia. |
