UK-based Wildcat Petroleum has announced that it has passed a due diligence process required by the South Sudanese Ministry of Petroleum (MOP) to undertake any petroleum deal in the country
The process included the evaluation of the company's technical competency as well as its financial capability to complete a major oil production purchase. This clearance is required from the MOP before Wildcat can undertake any petroleum deal in the country including the purchase of large scale oil production.
A number of investors, including The Waterford Group, have provided financial backing for the potential purchase of any production in South Sudan.
Mandhir Singh, chairman of Wildcat said, 'The Wildcat team has been involved in the South Sudan oil industry since oil was first discovered there. We are happy to have passed the arduous due diligence process and received a top level ranking. Wildcat has been invited by the MOP to visit them in Juba and conduct talks regarding current oil production opportunities in the country.'
