Offshore Projects
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 have prolific resource potential. Over the past 21 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 our 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:
| Projects | Basin | State | Acres | Year | Operator | Status |
|---|---|---|---|---|---|---|
| VIC L29 | Gippsland | VIC | 175,000 | 2003 | SGH Energy | Prod. License |
| VIC P45 | Gippsland | VIC | 288,000 | 2001 | BHP | Relinquished |
| VIC P54 | Gippsland | VIC | 175,000 | 2000 | SGH Energy | Active |
| VIC P59 | Gippsland | VIC | 280,000 | 2004 | Apache | Relinquished |
| VIC P70 | Gippsland | VIC | 546,000 | 2014 | ExxonMobil | Active |
| VIC P77 | Gippsland | VIC | 215,970 | 2021 | Liberty | W.I. Available |
| VIC P78 | Gippsland | VIC | 331,121 | 2021 | Liberty | W.I. Available |
| WA 314P | Browse | WA | 247,000 | 2001 | Karoon Gas | Relinquished |
| WA 315P | Browse | WA | 247,000 | 2001 | Conoco Phillips | Active |
| WA 482P | Carnarvon | WA | 1,663,000 | 2012 | Karoon/Santos | Active |