Liberian President Says ExxonMobil Return Sign Of Investor’s Confidence

President Ellen Johnson has hailed oil giant ExxonMobil for its renewed commitment to oil exploration and development of the sector in spite of plummeting prices on the world market.

According to an Executive Mansion release, President Sirleaf made the comments on Thursday when a four-man senior management delegation led by its new Country Manager, Mr. Steve P. Buck, paid her a courtesy call at her temporary office at the Ministry of Foreign Affairs on Capitol Hill in Monrovia.

The Liberian leader extolled ExxonMobil’s commitment and said it was a clear demonstration of confidence while the world continues to be reeling from dwindling prices on the global market.

She noted that although the work of ExxonMobil was in part hampered by the outbreak of the Ebola crisis, the company’s return, which is characterized by the reopening of its Liberia offices, was reassuring and indicative of genuine partnership.

President Sirleaf, however, intimated that currently before the National Legislature is a draft Law that seeks to establish a New Petroleum Law for Liberia and essentially meets international best practices and underpins mutuality of interest.

Earlier, ExxonMobil-Liberia new Country Manager Buck, who has 30-years experience in the industry and is a trained geologist whose profile spans across exploration, production and management in the United States, Asia, and Africa, said his scope of work would concentrate on mobilizing the necessary logistics as well as put together a math-based computer model for deep water oil drilling towards the end of next year.

He indicated that ExxonMobil was determined to fully comply with environmental regulations geared towards the acquisition of appropriate permits to facilitate the company’s operations in Liberia.

The ExxonMobil-Liberia executive said he had fruitful and productive meetings with officials of the National Oil Company of Liberia (NOCAL) as to his company’s operations in the country and added that ExxonMobil remains committed to doing business with Liberia.

The delegation comprised Public and Government Affairs Africa Advisor Oliver S. Cashin; Public and Government and Government Affairs Advisor, Matthew W. Scharf and ExxonMobil – Liberia Liaison Officer, Nathaniel Jallah.

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