Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone (PDSL), is set to speak at the upcoming Invest in African Energy (IAE) forum in Paris on May 14-15. The forum aims to position Sierra Leone as an exploration hotspot and attract global investors to the country’s upstream opportunities and available blocks.
Sierra Leone is considered a frontier exploration market with a working petroleum system and four significant discoveries made by Anadarko and Lukoil. These discoveries include Venus-B1, Mercury-1, Jupiter-1, and Savannah-1X, highlighting 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 in place with other African markets.
The country’s latest and fifth licensing round concluded last September, and 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 showcased at the upcoming forum.
In addition, Sierra Leone has signed regional cooperation agreements with Equatorial Guinea, Angola, Ghana, and The Gambia, facilitating knowledge and technology transfer and fast-tracking production when new discoveries are made.
Invest in African Energy (IAE) 2024 is an exclusive forum designed to facilitate investment between African energy markets and global investors. For those interested in sponsorship or participation as a delegate, please contact [email protected].
The participation of Sierra Leone in such a forum is a testament to the country’s commitment to attracting investment and promoting its oil and gas sector on an international platform.
