INTERNATIONAL NEWS

Sierra Leone Reopens Fourth Licensing Round

The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners Ltd. and Getech Group PLC, announced the reopening of the fourth licensing round for offshore areas reaching from near short to ultradeep water.

A promotional roadshow is scheduled June 7 at the Institute of Directors, Pall Mall, London, to discuss exploration opportunities, contractual and fiscal terms, and the legal framework for upstream activities in Sierra Leone.

The round was reopened after a 6-month consultation with industry. An initial fourth round was put on hold in September 2018.

“Having completed its consultation, the Petroleum Directorate has put in place a robust but flexible licensing framework that will assist investors,” said Jonathan Copus, Getech chief executive officer.

No details were immediately available regarding the changes made for the reopening. Eight wells have been drilled offshore Sierra Leone since 1982, round organizers said.

Anadarko Petroleum Corp. had three discoveries of natural gas and light oil, Lukoil reported a light oil discovery in 2013 on the Savannah structure although few details were made available.

Source: OGJ

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