AWARD OF OFFSHORE EXPLORATION BLOCKS

LAST DECEMBER, THE GOVERNMENT OF SIERRA LEONE THROUGH THE PETROLEUM DIRECTORATE, ISSUED A CALL FOR TENDER FOR ITS 3^RD BID ROUND, AND INVITED APPLICATIONS FOR NINE (9) OPEN OFFSHORE EXPLORATION BLOCKS. THE TENDER WAS EXTENSIVELY ADVERTISED IN BOTH LOCAL AND INTERNATIONAL MEDIA FROM 29^TH DECEMBER 2011 TO 30^TH MARCH 2012 AND IT ATTRACTED A TOTAL OF 59 APPLICATIONS IN THE FOLLOWING ORDER: SIXTEEN (16) APPLICATIONS WERE RECEIVED FOR BLOCK SL 4A-10; TWELVE (12) APPLICATIONS FOR BLOCK SL 7A-10; FOUR (4) APPLICATIONS FOR BLOCK SL 7C-10; THIRTEEN (13) APPLICATIONS FOR BLOCK SL 8A-10; TEN (10) APPLICATIONS FOR BLOCK SL 8B-10; TWO (2) APPLICATIONS FOR BLOCK SL 9A-10; ONE (1) APPLICATION FOR BLOCK SL 9B-10; ONE APPLICATION FOR BLOCK SL 10B-10 AND NO APPLICATION FOR BLOCK SL 10A-10.

 GOVERNMENT WISHES IT TO BE KNOWN THAT THESE APPLICATIONS WERE CONSEQUENTLY ASSESSED AND THE MOST RESPONSIVE BIDDERS DETERMINED THROUGH A PAINSTAKING AND TIME-CONSUMING TECHNICAL EVALUATION PROCESS.

GOVERNMENT FURTHER WISHES TO INFORM THE PUBLIC THAT THE KEY OBJECTIVE OF THE PROCESS WAS TO PROVIDE AN OPPORTUNITY FOR THE DETERMINATION OF CREDIBLE COMPANIES WITH THE REQUISITE TECHNICAL EXPERTISE/EXPERIENCE AND FINANCIAL CAPABILITY TO ADVANCE THE NATION’S OIL AND GAS PROSPECTIVITY.

GOVERNMENT IS PLEASED TO ANNOUNCE THAT SIERRA LEONE’S OPEN OFFSHORE EXPLORATION BLOCKS HAVE BEEN PROVISIONALLY AWARDED AS FOLLOWS, SUBJECT TO FURTHER NEGOTIATIONS:

1. SL 4A-10 – AFRICAN PETROLEUM CORPORATION AND KOSMOS.
2. SL 7A-10 – ELINILTO (SL) LTD, SIGNET PETROLEUM AND MINEXCO.
3. SL 7C-10 – MASTERS ENERGY.
4. SL 8A-10 – CHEVRON SAHARA, NOBLE ENERGY, AND ODYE.
5. SL 8B-10 – CHEVRON SAHARA, NOBLE ENERGY, AND ODYE.
6. SL 9A-10 –  GNBH SIERRA LEONE EXPLORATION
7. SL 9B-10 – GNBH SIERRA LEONE EXPLORATION
8. SL 10B-10 – VARADA PETROLEUM AND HYDROCARBONS.

THE GOVERNMENT OF SIERRA LEONE WISHES TO THANK ALL APPLICANTS FOR PARTICIPATING IN ITS THIRD BID ROUND, AND PARTICULARLY CONGRATULATES THE SUCCESSFUL BIDDERS. THE GOVERNMENT LOOKS FORWARD TO A LONG-TERM PARTNERSHIP WITH THESE COMPANIES IN ADVANCING THE NATION’S DEEPWATER EXPLORATION ACTIVITIES AND PROSPECTIVITY.

STATE HOUSE, FREETOWN

9^TH JULY 2012     

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