Following an extended election period, resulting from the run-off between the two main political parties, the Government of Sierra Leone has decided to extend the close date of the country’s Fourth Licensing Round to the 27th September 2018. This License Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL.
The Petroleum Directorate Sierra Leone launched the country’s Fourth Offshore Petroleum Licensing Round yesterday in London’s Geological Society. This Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL. Applications to the Round close at 12-noon on 28th June 2018.
During the meeting, the Director General of the Petroleum Directorate, Raymond S Kargbo and team, and ERCL Director Huw Edwards, presented details of:
· The Contract Areas on offer
· The technical data available to support bids
· The application procedure for interested companies
Over thirty oil companies attended; this high number of attendees demonstrates the strength of interest in Sierra Leone’s hydrocarbon potential.
The Petroleum Directorate of Sierra Leone (PDSL) will be officially declaring open its Fourth Licensing Round on the 15th January 2018 in Freetown, Sierra Leone. This will be followed by an official launching of the Licensing Round on 25th January 2018 at the Geological Society of London, Burlington House, Piccadilly, Mayfair, London, UK. The dates have been finalised and the round will run from 15th January until 28th June 2018.
The PDSL and its partners: the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL invite the wider International Oil and Gas community to participate in this Licensing round, and will be more than willing to welcome you all
The Director General of the Petroleum Directorate of Sierra Leone (PDSL), Raymond Kargbo, announced at this week’s Africa Oil Week Conference in Cape Town, South Africa, that his country’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end-May 2018.
This License Round will be exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL.
ERCL and the Petroleum Directorate have worked together since 2016 to provide the data that investors will require to review Sierra Leone’s proven prospectivity. Through Data Rooms in Freetown and London, investors can access a huge range of technically-rich information, including:
- 15,000 line km of 2D seismic
- >10,000km2 of 3D seismic (including PSDM volumes reprocessed by previous operators)
- all wells from the 2009-2013 drilling campaigns, which produced four discoveries
The 3D seismic data and wells are available to license from the PDSL and will be delivered by ERCL.
Also available to licence are a number of value-added products, built by the Getech Group using the Government’s released 3D seismic and well database. These include the Sierra Leone Digital (GIS) Atlas and Sierra Leone Petroleum Geology Report. In addition, the Getech Group’s large potential fields database and regional reports are also available to assist in evaluating the Sierra Leone margin.
Raymond Kargbo, makes the announcement on the stage of Africa Oil Week Conference in Cape Town
The Petroleum Directorate of Sierra Leone with partners ERCL Ltd (Getech Group Company) attended the PESGB Africa Conference 2017 at the Business Design Centre, London between 31st August and 1st September. The delegation was headed by the Director General Mr Raymond Kargbo and the Petroleum Directorate team presented both an oral and a poster presentation, outlining the investment opportunities that exist in the Sierra Leone petroleum sector. The Directorates booth was very well attended by oil industry representatives and the team look forward to seeing you again at Africa Oil Week in Cape Town on 23rd October 2017.
The Petroleum Directorate is pleased to invite expressions of interest for long offset 2D multi-client seismic acquisition offshore Sierra Leone.
Please express interest to Director General Mr Raymond Kargbo via email by 30th September at: [email protected]
The Petroleum Directorate is pleased to announce that, following a successful collaboration with TGS Nopec, ownership of a series of 3D seismic surveys acquired by TGS under a multi-client agreement has now reverted to the Petroleum Directorate. The surveys include the Blocks 4 & 5 survey (2008), the Blocks 3, 4A, 4B / 4A Extension (2011 / 14) and the merged Fusion 3D dataset. The location of these 3D volumes is illustrated below.
These surveys are now available to view at the Data Room in PDSL offices in Freetown, and are available to license by companies wishing to evaluate the exploration prospectivity of Sierra Leone.
The Petroleum Directorate wishes to thank TGS Nopec for its work in helping to promote E&P opportunities in Sierra Leone to the oil industry, and notes that TGS retains rights to promote regional 2D seismic datasets.
Off Regent Road, Third Road
On Thursday 27th July at a meeting of the PESGB 3 Counties Regional Group in Henley on Thames UK, John Clark from ERCL (A Getech Group Company) presented an Oil and Gas Outlook for Sierra Leone on behalf of the Petroleum Directorate of Sierra Leone. Four members of the Petroleum Directorate technical team attended the meeting who were on a two week visit to the UK.
The talk was a great success and was well-attended by oil industry representatives. The presentation focussed on the recent activity in Sierra Leone and the future, with the Petroleum Directorates data room now open in Freetown.
For more information on the Data Room in Freetown please contact the Director General Raymond Kargbo on [email protected].
The Ambassador of the United States of America in Sierra Leone, John Hoover, on Wednesday January 25, 2017, promised to do his utmost to convince foreign investors, especially oil companies in the US to visit the newly established data room at the Petroleum Directorate.
He was speaking during a briefing session with the management and staff of the directorate at their Hill Station Office in Freetown.
Prior to the meeting, Ambassador Hoover was taken on a conducted tour of the eight work stations and data room by the Director General of the Petroleum Directorate, Raymond S. Kargbo. On behalf of his team, Kargbo then gave a general overview of the progress made so far by the directorate.
During the meeting, Mustapha Koroma, Senior Geophysicist of the Directorate gave a brief background of exploration in Sierra Leone which he said began in the early eighties with initial work focused on shallow waters which led to the drilling of 2 offshore wells. These two wells, Koroma explained, were later plunged and abandoned due to fall in oil price and the unavailability of technology at the time.
As part of government’s effort to revamp the economy after the 11 year civil war, he said an MoU was signed with Geophysical Service Company for the acquisition of 2D seismic data offshore Sierra Leone and demarcated 7 exploration blocks and hence an Act of Parliament was passed in 2001 to establish the Petroleum Resource Unit (PRU) to regulate and Monitor petroleum operations in the country.