Sierra Leone Makes Fourth Licensing Round Pre-Announcement
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