Liberty Petroleum Corporation (LPC) specializes in acquiring high impact offshore exploration licenses globally. The primary target area has been Australia due to its transparent bidding process, relevant authority integrity, fiscal fairness and low sovereign risk. LPC’s business model is to capture early stage and/or frontier areas that contain prolific resource. Over the past 20 years Liberty has been awarded seven large-scale offshore permits in Australia.
Working with partners such as Apache, Conoco Phillips, Karoon Gas and other quality operating partners on numerous offshore projects has resulted in several major discoveries. One of the most successful projects is the giant Poseidon gas/condensate field operated by Conoco Phillips which Rigzone rated as one of the ten largest global discoveries of 2009.
The table below provides an overview of past and current projects within the Liberty Offshore portfolio of projects:
|VIC L29||Gippsland||VIC||175,000||2003||SGH Energy||Prod. License|
|VIC P54||Gippsland||VIC||175,000||2000||SGH Energy||Active|
|WA 314P||Browse||WA||247,000||2001||Karoon Gas||Relinquished|
|WA 315P||Browse||WA||247,000||2001||Conoco Phillips||Active|