PETROLEUM DIRECTORATE PARTICIPATES IN THE 25TH AFRICA OIL WEEK CONFERENCE AND EXHIBITION IN CAPE TOWN, SOUTH AFRICA

The Petroleum Directorate Sierra Leone (PDSL) has recently participated in the 25th Africa Oil Week held from 5th to 9th November 2018 at the International Convention Centre in Cape Town, South Africa.

A five-man delegation led by the Director General, Mr. Timothy Kabba continued industry consultation with stakeholders with the aim of attracting high quality oil and gas companies that will stimulate investment into the sector and deliver on the Government’s commitment to developing its natural resources for sustainable development. In line with the PDSL’s strategy for an expanded dialogue, the PDSL held meetings with several companies who have shown an interest in exploring for oil and gas in Sierra Leone, as well as companies that have previously operated in Sierra Leone.

During the conference, Mr Kabba also participated in a high-level governmental panel discussion on the topic “Developing robust national roadmaps for future success: Opportunities and strategies”. Whilst giving his perspective on the role of a national oil company/regulatory agency, Mr Kabba opined that the setting up of a national oil company/regulatory agency should largely depend on the stage of operations in the petroleum value chain. He explained the PDSL’s strategy, which is to take advantage of the current timing and continue building a strong human capacity in order to face the challenges that would arise if commerciality (oil or gas in commercial quantities) is declared. Mr. Kabba said that based on PDSL’s current capacity building initiatives, it is well placed to promote opportunities available and facilitate investment security for potential stakeholders.

On building partnerships, the Director General commented that building relationships through contracts that Government signs with investors presents long-lasting partnerships that can be used to the PDSL’s advantage. He noted that Sierra Leone is endowed with natural resources but has no financial capital to undertake investment to develop these resources. A key approach therefore for building the right partnership was to understand what is required from a partner and create a scenario that strikes a balance between creating returns for the investor without compromising the intention of government to create wealth and better lives for the citizenry.

In another engagement, a member of the delegation Mr. Mustapha Tarawally, also gave a presentation on “Oil and Gas Opportunities in Sierra Leone” at the highly technical “Prospects Forum” at the Africa Oil Week. In his presentation, Mr. Tarawally showcased Sierra Leone’s petroleum potential by providing insights into the regional geology underpinnings and working petroleum systems that have driven exploration activities to date, deep and shallow water prospectivity, open acreages and the technical data available for licensing. Mr. Tarawally also showcased the in-house technical interpretation that was conducted by the PDSL in collaboration with its technical partners ERCL, which has led to the development of a new narrative that is now being presented to prospective oil and gas companies. The PDSL also informed the audience about the data room in Sierra Leone that can be visited by oil and gas companies in order to access high quality 2D and 3D seismic data, well data, as well as numerous technical reports.

The Africa Oil Week is a premier event bringing together key stakeholders in Africa’s upstream oil and gas market, thereby providing a platform wherein governments, national oil companies, investors, independents and financiers can discuss and share knowledge aimed at shaping the continent’s future on the exploration, development and production of hydrocarbons across established basins and frontier countries.

This year’s event saw the participation of over twenty (20) national oil companies, ministries and regulatory agencies sharing their strategies for growth, increased collaboration and participation in the upstream oil and gas sector, as well as announcing bid rounds, open acreage and newly acquired data.

Director General of Sierra Leone Petroleum Directorate to consult with Petroleum Industry investors

In August 2018 Mr Timothy Kabba was appointed as Director General

of the Sierra Leone Petroleum Directorate. Mr Kabba brings fresh perspectives to the current Fourth Sierra Leone Licensing Round and in step with the Government’s New Direction initiative, he has decided to expand the dialogue and enter a period of industry consultation.

This consultation process is expected to last for up to 6 months and requires the temporary suspension of the ongoing Fourth Licensing Round.

Mr. Timothy Kabba, Director General of the Sierra Leone Petroleum Directorate commented: “The Republic of Sierra Leone is committed to attracting long-term investment through the development of its natural resources. The Petroleum Directorat

e’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.

New Leadership for Petroleum Directorate

New Leadership for Petroleum Directorate

On July 20 2018, erstwhile Director General Mr. Raymond Kargbo, handed over the mantle of leadership to Mr. Timothy Kabba, as incoming Director General of the Petroleum Directorate, in a short but well attended ceremony. The handing over event was prompted by the parliamentary confirmation of President Bio’s appointment of Mr. Kabba to the position.

Mr. Kabba is generally believed to have hit the ground running on sharing his challenging but achievable mission against the background of his familiarity with the management terrain as well as  his international experience and expertise in the upstream oil and gas subsector.

In a series of engagements so far with various stakeholders including staff members of the Directorate, incumbent as well as potential oil and gas exploration corporations and other key partners, the newly appointed CEO has consistently articulated his mission to translate into reality, President Bio‘s vision of optimizing the beneficial outcomes of extractive resources in the best interest of Sierra Leoneans-present and future generations.

Recognizing the taxing tasks ahead, and as a key element of his plan of action, Mr. Kabba has targeted securing the unqualified cooperation of all stakeholders, and vowed to work with all partners including investors, technical partners, development partners, other government agencies, and local communities for the common good.

A good number of these stake holding community members have reciprocally assured the new CEO, his team and the Petroleum Directorate of their renewed commitment to support Government’s transformative efforts, against the background of a shared vision for changing the fortunes of our Nation to a desirable state.

 

Petroleum Directorate                                                                                                     

Petroleum Directorate Sierra Leone to launch the Fourth Licensing Round in the UK

The Petroleum Directorate Sierra Leone launched the country’s Fourth Offshore Petroleum Licensing Round yesterday in London’s Geological  Society. This Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL. Applications to the Round close at 12-noon on 28th June 2018.

During the meeting, the Director General of the Petroleum Directorate, Raymond S Kargbo and team, and ERCL Director Huw Edwards, presented details of:

·     The Contract Areas on offer

·     The technical data available to support bids

·     The application procedure for interested companies

Over thirty oil companies attended; this high number of attendees demonstrates the strength of interest in Sierra Leone’s hydrocarbon potential

Petroleum Directorate Sierra Leone to launch the Fourth Licensing Round in London

The Petroleum Directorate of Sierra Leone (PDSL) will be officially declaring open its Fourth Licensing round on the 15th January 2018 in Freetown, Sierra Leone. This will be followed by an official lunching of the Licensing round on 25th January 2018 at the Geological Society of London, Burlington House, Piccadilly, Mayfair, London, UK. The round will run from 15th January until 28th June 2018.

The PDSL and its partners: the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL invite the wider International Oil and Gas community to participate in this Licensing round, and will be more than willing to welcome you all

Please see below link to Geological Society of London where Fourth Licensing Round Launch will be held.

Link to Geological Society

Inviting expressions of interest for long offset 2D multi-client seismic acquisition

The Petroleum Directorate is pleased to invite expressions of interest for long offset 2D multi-client seismic acquisition offshore Sierra Leone. Please express interest to Director General Mr Timothy M. Kabba via email by 30th September at: timothy.kabba@pd.gov.sl / directorgeneral@pd.gov.sl

Long-Offset-Flyer-PESGB-Africa-2017

PESGB Africa Conference 2017

The Petroleum Directorate of Sierra Leone with partners ERCL Ltd (Getech Group Company) attended the PESGB Africa Conference 2017 at the Business Design Centre, London between 31st August and 1st September. The delegation was headed by the Director General Mr Raymond Kargbo and the Petroleum Directorate team presented both an oral and a poster presentation, outlining the investment opportunities that exist in the Sierra Leone petroleum sector. The Directorates booth was very well attended by oil industry representatives and the team look forward to seeing you again at Africa Oil Week in Cape Town on 23rd October 2017.

 

Oil and Gas Outlook for Sierra Leone Presentation

On Thursday 27th July at a meeting of the PESGB 3 Counties Regional Group in Henley on Thames UK, John Clark from ERCL (A Getech Group Company) presented an Oil and Gas Outlook for Sierra Leone on behalf of the Petroleum Directorate of Sierra Leone. Four members of the Petroleum Directorate technical team attended the meeting who were on a two week visit to the UK.

The talk was a great success and was well-attended by oil industry representatives. The presentation focussed on the recent activity in Sierra Leone and the future, with the Petroleum Directorates data room now open in Freetown.

Petroleum Directorate takes ownership of its Data

3 July 2017

The Petroleum Directorate is pleased to announce that, following a successful collaboration with TGS Nopec, ownership of a series of 3D seismic surveys acquired by TGS under a multi-client agreement has now reverted to the Petroleum Directorate. The surveys include the Blocks 4 & 5 survey (2008), the Blocks 3, 4A, 4B / 4A Extension (2011 / 14) and the merged Fusion 3D dataset. The location of these 3D volumes is illustrated below.

These surveys are now available to view at the Data Room in PDSL offices in Freetown, and are available to license by companies wishing to evaluate the exploration prospectivity of Sierra Leone. Read more

January 2017 – US Ambassador visit the Sierra Leone Petroleum Directorate

The Ambassador of the United States of America in Sierra Leone, John Hoover, on Wednesday January 25, 2017, promised to do his utmost to convince foreign investors, especially oil companies in the US to visit the newly established data room at the Petroleum Directorate.

He was speaking during a briefing session with the management and staff of the directorate at their Hill Station Office in Freetown.

Prior to the meeting, Ambassador Hoover was taken on a conducted tour of the eight work stations and data room by the Director General of the Petroleum Directorate, Raymond S. Kargbo. On behalf of his team, Kargbo then gave a general overview of the progress made so far by the directorate. Read more