Sierra Leone has historically lagged its West African neighbours in offshore development
Sierra Leone launches new offshore initiative
The West African nation taps two-year-old UK firm in an attempt to spur interest in its undeveloped upstream
Sierra Leone has signed a reconnaissance permit agreement (RPA) with London-listed independent Wildcat Petroleum to identify offshore “blocks which have the potential to yield commercially viable oil finds”. The RPA covers 20 deepwater blocks covering 24km² and grants Wildcat the “non-exclusive right” to conduct studies for six months. The agreement does not give Wildcat any pre-emptive rights over acreage, but the company will negotiate for petroleum exploration and production licences, “if block(s) with the potential of containing commercially viable oil discoveries are identified”. The London-listed firm’s “top priority is to secure a stake in a producing asset”, but the Sierra Leone expl
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
