The National Oil Company of Liberia (NOCAL) says it welcomes the ruling of the Supreme Court of Liberia to dismiss a Writ of Prohibition brought against NOCAL by businessman Harry Greaves, regarding the ongoing Liberia basin 2014 bid round, which is now in its concluding stages.
The Oil Company expressed its position based on the decision from the high court in which it considered as a further testament to the fact that NOCAL has acted within its scope by implementing a decision by the Government of Liberia in August to put out for lease, four undrilled offshore oil blocks (LB-6, LB-7, LB-16, and LB-17).
NOCAL reiterated that the process is being conducted with a high degree of professionalism, transparency and external oversight, with one of the world’s leading and reputable international consulting firms, EY (formerly Ernst & Young), receiving and opening and assessing the bids, in the presence of NOCAL and its data partners, TGS/Nopec.
NOCAL’s release said it is committed to ensuring that through its local content provisions Liberia and its people will reap the maximum benefits from the current bid round and other activities within the emerging oil sector.
The Associate Justice in Chambers, Philip Banks, last week denied a petition for the Writ of Prohibition filed by former LPRC Managing Director, Harry Greaves, Jr., against the current Bid Round. The Court, however, said in its ruling that businessman Greaves, in his petition, did not show sufficient basis to warrant the issuance of the alternative writ.
NOCAL’s Director of Legal Affairs, Cur.Zaiye B. Dehkee, I, and Cur. Steven S. Dunbar of the Duribar& Dunbar Law Offices in Monrovia represented the oil company.