Sierra Leone signed a reconnaissance permit with Shell that will allow the company to conduct offshore studies in several blocks located in deep waters.
According to the Petroleum Directorate of Sierra Leone, the agreement covers approximately 20,600 square kilometers and includes basin modeling and petroleum system analysis. These activities aim to generate key technical information regarding the country’s hydrocarbon potential.
Offshore exploration and development of energy potential
Furthermore, this program follows a similar line to the one previously signed with the Italian company Eni, reflecting a sustained government strategy to strengthen geological knowledge of its marine resources.
Likewise, authorities highlighted that the permit will allow for the construction of a data-driven framework for future technical evaluations and potential licensing rounds. The initiative aims to reduce exploratory uncertainty and attract international investment.
Strategy to attract investment and reduce risks
In the words of Foday Mansaray, Director General of the regulatory entity, the national strategy focuses on de-risking the basin through high-quality data, attracting global operators, and accelerating the path toward exploratory drilling.
From Shell’s perspective, these types of agreements are part of its standard operations with governments to access information and analyze opportunities. However, the company clarified that the permit does not imply an immediate investment commitment, as any future decision will depend on regulatory processes and additional technical evaluations.
Impact on offshore exploration in West Africa
Consequently, the agreement positions Sierra Leone as an emerging destination for offshore exploration in West Africa, in a context where countries in the region are seeking to reactivate investment in oil and gas.
Source: Reuters
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