Wildcat Petroleum Monday announced that it has completed a study of the petroleum potential of deepwater blocks offshore in Sierra Leone following an agreement with the country’s Petroleum Directorate, which also accepted the finds.
The company says that “the work confirmed our initial ideas regarding the good hydrocarbon potential of the deep offshore [Sierra Leone]. The current situation is that much of the offshore has now been opened up to competitive bidding in a license round announced by the authorities on May 18, 2022, with a closing date of Jan. 27, 2023.”
Wildcat Petroleum officials say that in the licensing round, an oil company can apply with a Partner. PDSL has confirmed that Wildcat can apply (subject to the usual pre-qualification requirements) as a Partner.
Company officials added that “since the licensing round is competitive, Wildcat won’t be making any public announcements concerning specific findings from its study, but will use the knowledge gained to try and secure a qualified oil company with which to partner in an application.”
Mandhir Singh, the Chairman of Wildcat Petroleum, said that: “We are encouraged by the resolve and determination of the PDSL to make their bid round a success. Evidence from the large discoveries in the conjugate margin of South America (specifically Guyana and Suriname) indicate that Sierra Leone could be strategically placed to emulate those successes. We look forward to the authorities attracting oil companies to their offshore and the possibility of WCAT’s involvement.”
