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The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, announced the re-opening of the fourth licensing round on 21 May 2019

netherlands 1707388 640Eight wells have been drilled offshore Sierra Leone since 1982. (Image source: Olafpictures/Pixabay)

This includes a direct tender for licensing applications where 50 per cent or more of the area is in water depths exceeding 2,500m (deadline 20 September 2019) and an open tender for other licence applications (deadline 22 November 2019).

So far, 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 fourth licensing round represents an opportunity for investors to look at the under-explored region, where blocks are available from near-shore to ultra-deep waters.

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