TotalEnergies Farm-in with Bluenergies offshore Liberia validates high-impact Harper Basin play and derisks Liberty Petroleum’s adjacent Block LB-32
Following the major joint exploration agreement between BluEnergies Ltd. (TSXV: BLU) and TotalEnergies SE, energy analysts and industry partners confirm that the transaction has significantly derisked the broader Cretaceous deepwater fan play in the Harper Basin. This major entry by a global supermajor heavily validates the prospectivity of neighboring acreage, most notably Block LB-32, held by Liberty Petroleum Corporation via its affiliate PetroQuest Liberia Deep Water LLC.
The BluEnergies-TotalEnergies Transaction
In January 2026, BluEnergies transitioned its exploration footprint into a Joint Study and Application Agreement (JSAA) with TotalEnergies. To support the agreement, the Liberia Petroleum Regulatory Authority (LPRA) issued Reconnaissance License No. LPRA-003 (RL-003).
- Acreage Coverage: The license spans Blocks LB-26, LB-30, and LB-31, encompassing roughly 8,924 square kilometers (~2.2 million acres).
- Equity Split: TotalEnergies holds a 65% participating interest and acts as technical leader, while BluEnergies retains a 35% interest.
- Work Program: The partners have committed an immediate budget for an intensive 18-month work program. This involves state-of-the-art 3D seismic reprocessing via TGS data libraries to image seven stacked Late Cretaceous basin floor fans (BFFs).
Direct Structural Impact on Liberty Petroleum’s Block LB-32
The validation of the Harper Basin play by TotalEnergies has an immediate, positive impact on Liberty Petroleum Corporation’s Block LB-32, which sits directly in the southeastern corner of the same basin floor fan system.
- Play Validation: Block LB-32 shares identical geological characteristics with the BluEnergies-TotalEnergies blocks. Recent reinterpretation of the Sunfish 3D seismic data maps massive Late Cretaceous fan systems that mirror prolific international analogues like the “Golden Mile” in Guyana.
- Derisking the Jupiter & Zeus Prospects: Block LB-32 contains the massive Jupiter Prospect—a detached basin floor fan estimated to hold over 1 billion barrels of recoverable oil—as well as the Zeus Prospect. TotalEnergies’ entry and upcoming regional data acquisition directly lower the technical and geological risks for these specific targets.
- Commercial Leverage: Block LB-32 alone is estimated to contain 4.5 billion barrels of unrisked prospective resource potential. TotalEnergies’ active presence in adjacent blocks (LB-30/LB-31) positions Block LB-32 as a prime, high-value candidate for a rapid farm-out or joint venture with other international oil companies (IOCs) seeking entry into West Africa’s hottest frontier play.
Executive Commentary
“The entry of TotalEnergies into the Harper Basin confirms what our geological mapping has shown for years: offshore Liberia hosts world-class, multi-billion-barrel potential,” stated a representative from Liberty Petroleum Corporation. “As technical programs advance on Blocks 26, 30, and 31, the regional insights will directly optimize our development plan for the Jupiter fan on Block LB-32. This is a rising tide that lifts the entire Liberian offshore energy sector.”
About Liberty Petroleum Corporation
Liberty Petroleum Corporation is a global upstream exploration company specializing in capturing high-impact offshore licenses in frontier basins. Through its international affiliates, including PetroQuest Liberia Deep Water LLC, the company holds key acreage in highly prospective basins across Africa.
For additional information, please contact:
Liberty Petroleum Corporation
Lane Franks, CEO
Phone: (602) 995-7194
www.libertypetroleumcorp.com
