Audio By Carbonatix
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.
- The reconnaissance permit agreement covers an area of approximately 20,600 square kilometres and includes basin modelling and petroleum systems analysis, a statement said.
- The programme, similar to one signed with Eni last October, is expected to enhance understanding of Sierra Leone's deepwater hydrocarbon potential.
- The permit will provide a data-driven framework for technical evaluation and potential future participation in licensing opportunities, the Petroleum Directorate of Sierra Leone (PDSL) said.
- "Our strategy is deliberately focused on de-risking the basin through high-quality data, attracting credible global players and accelerating the pathway towards exploration drilling," Foday Mansaray, PDSL director general, said in the statement.
- Shell said the company routinely deals with governments through non-binding agreements to access data and assess potential opportunities.
- However, this does not signal any commitment to proceed, and any further steps would depend on regulatory processes and due diligence, among others, a spokesperson said.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
2026 World Cup: Let’s be positive about squad, manager – Jordan Ayew urges Ghanaians
48 minutes -
Washing bay attendant remanded over alleged theft of friend’s GH¢46,306 for betting
58 minutes -
Eight people killed in Mali after bus hits land mine, says union official
1 hour -
Ivory Coast sees strong exports of cocoa main crop as El Nino looms over output
1 hour -
Dangote refinery can be global jet fuel supplier, CEO says
1 hour -
Oil jumps on Mideast missiles while AI bulls carry stocks higher
2 hours -
Macron, Kagame inaugurate Rwanda genocide memorial in Paris
2 hours -
CBS News fires Scott Pelley from 60 Minutes, sources say
2 hours -
South African politician seeks US refuge on fears of future persecution
2 hours -
Zimbabwe presses ahead with bill that would extend president’s term to 2030
4 hours -
Zverev to face Mensik after ending Jodar run
5 hours -
Bellingham is No 10 in England World Cup squad
5 hours -
Konate in advanced talks with Real Madrid
5 hours -
Silva to leave Fulham as he closes in on Benfica move
5 hours -
Man Utd agree £35m fee for Atalanta’s Ederson
5 hours