Petroleum Africa
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Monday, September 17, 2018
Sierra Leone’s Director General of the Sierra Leone Pet, Timothy Kabba, revealed that the country’s latest licensing round has been temporarily suspended. Kabba, who was recently appointed to his position, has decided to expand the dialogue and enter into a period of industry consultation.
This consultation process is expected to last for up to six months and requires the temporary suspension of the ongoing Fourth Licensing Round.
Kabba commented, “The Republic of Sierra Leone is committed to attracting long-term investment through the development of its natural resources. The Petroleum Directorate’s mission is to deliver this investment through a process that creates maximum value for both the investor and the country’s people. I look forward to meeting with the industry during this important consultation process.”
Jonathan Copus, CEO of the Getech Group commented, “The offshore waters of Sierra Leone contain proven petroleum systems and the country’s Fourth Licensing Round has generated significant levels of interest. This has led to a busy and wide-ranging dialogue with a variety of high-quality international oil and gas companies. Through a process of consultation, the staff of the Petroleum Directorate and Getech will work in partnership to narrow and focus the License Round conversation – the shared goal being the successful conclusion of that Round.”
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