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Sierra Leone Showcasing Offshore Acreage Opportunities at Invest in African Energy (IAE) 2024

Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone, will be speaking at the upcoming forum, as the country aims to position itself as an exploration hotspot.

Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone (PDSL), will be showcasing the country’s upstream opportunities and available blocks at the Invest in African Energy (IAE) forum in Paris on May 14-15.

Sierra Leone, while considered a frontier exploration market, has a working petroleum system with four significant discoveries made by Anadarko (Venus-B1, Mercury-1 and Jupiter-1) and Lukoil (Savannah-1X). With only eight wells drilled in the country, these discoveries highlight the prospectivity of Sierra Leone’s offshore acreage, supported by extensive 2D and 3D multi-client data, competitive and transparent fiscal terms, and cooperation agreements with other African markets.

Invest in African Energy (IAE) 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

The country’s latest and fifth licensing round featured 56 offshore blocks and concluded last September, after being extended due to a high level of interest. Indigenous energy company F.A. Oil Limited was among the winners, securing licenses for six offshore oil blocks. Another licensing round is scheduled for 2024 with additional acreage available, which will be featured at the upcoming forum. 

Additionally, Sierra Leone has signed regional cooperation agreements with Equatorial Guinea, Angola, Ghana and The Gambia, facilitating knowledge and technology transfer and expediting production when new discoveries are made.

Distributed by APO Group on behalf of Energy Capital&Power.

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