BluEnergies: Could Liberia’s Undrilled Harper Basin Hold a Major Deepwater Oil Discovery?

BluEnergies is targeting a frontier deepwater oil opportunity offshore Liberia, where the company holds approximately 2.2 million acres in the undrilled Harper Basin alongside supermajor TotalEnergies.

After evaluating opportunities across 42 countries and more than 30 sedimentary basins, BluEnergies identified Liberia’s Harper Basin as its preferred deepwater oil opportunity. The company says the basin contains seven large basin-floor fan plays with potential for multi-billion-barrel-scale resources, although no exploration well has yet been drilled to test that potential.

BluEnergies entered offshore Liberia early, securing approximately 2.2 million acres in the basin. The company is now working alongside the Liberian government and TotalEnergies, which entered the area in 2025. Management says the surrounding region now includes five of the world’s seven supermajors and a major national oil company.

BluEnergies’ next objective is to complete its work program with TotalEnergies under its reconnaissance license. Subject to the necessary agreements and approvals, the company aims to advance into production-sharing contracts that could enable the first exploration well ever drilled in the Harper Basin.

With a super major partner, approximately $20 million in cash, no debt, and an early position in a frontier deepwater basin, BluEnergies is focused on determining whether offshore Liberia could host the next significant Atlantic-margin oil discovery.

For more information on BluEnergies, (TSX.V: BLU, OTCQX: BLUGF) please click the request investor info button.

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