Getech to support Sierra Leone's offshore licensing round
Source - SMW
Getech Group, through its wholly-owned subsidiary ERCL, will support Sierra Leone's fourth offshore petroleum licensing round.
The director-general of the Petroleum Directorate of Sierra Leone, Raymond Kargbo, announced at this week's Africa Oil Week Conference in Cape Town, that the licensing round would take place between mid-January and the end-May.
ERCL and the directorate have worked together since 2016 to provide the data that investors will require to review Sierra Leone's proven prospectivity.
Through data rooms in Freetown and London, investors can access a huge range of technically-rich information, including:
- 15,000 line km of 2D seismic
- >10,000sq km of 3D seismic (including PSDM volumes)
- all wells from the 2009-2013 drilling campaigns, which produced four discoveries
Getech Group chief executive Jonathan Copus said: 'The Getech Group is proud to be working in partnership with the Petroleum Directorate of Sierra Leone during this exciting new phase for the country's petroleum sector.
'Located on a margin that is bookended by major discoveries in Senegal/Mauritania and Ghana, Sierra Leone's offshore waters contain proven petroleum systems that we believe to be conjugate to major discoveries in South America.
'As exploration interest steps up in the neighbouring waters of Guinea, potential investors are able to access an extremely high quality technical database to assist in their evaluation of the undoubted potential of the Sierra Leone margin.
'We look forward to the fourth licensing round and assisting the directorate in attracting investment in the upstream petroleum sector of Sierra Leone.'
At 8:21am: (LON:GTC) GETECH Group PLC share price was +0.25p at 20.75p