Sierra Leone announces re-opening of 4th licensing round

5/29/2019
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Photo: Sierra Leone 4th licensing round.

LONDON -- The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, are delighted to announce the re-opening of the 4th Licensing Round as of May 21, 2019. This includes a direct tender for licensing applications where 50% or more of the area is in water depths in excess of 2,202.1 ft (2,500 m), deadline Sept. 20, 2019, and an open tender for other license applications (deadline Nov. 22, 2019).

Eight wells have been drilled offshore Sierra Leone since 1982, with oil shows in 1982 and 1985. No further drilling was done until 2009 and the following three wells in 2009, 2010 and 2012 produced discoveries for Anadarko, with a further discovery by Lukoil in 2013.

The 4th Licensing Round represents an opportunity for investors to look again at this under-explored region, where blocks are available from near-shore to ultra-deepwaters.

There will be a promotional roadshow at the Institute of Directors, Pall Mall, London, on Fri., June 7, 2019 at 9.00am.  The presentations will provide an opportunity to review and discuss the exploration opportunities, the contractual and fiscal terms, and the legal framework for upstream petroleum activities in Sierra Leone.

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