Sierra Leone launches 5th Petroleum Licensing Round

The Petroleum Directorate of Sierra Leone officially launched the country’s 5th Petroleum Licensing Round in London today.

In total, 63,643km2 of offshore acreage is up for grab across 56 graticular blocks of some 1,360km2 each. A contract area is formed with a minimum of three graticular blocks.

The Licensing Round will remain open until September 30th, 2022. It notably follows several announcements related to exploration offshore Sierra Leone earlier this month.

On May 10th, Wildcat Petroleum announced it was granted non-exclusive right over 20 blocks offshore Sierra Leone where it will carry out a desktop study using geophysical and geological data.

Last week, Innoson Oil & Gas also revealed the results of a third-party evaluation of its concession in the country by Ryder Scott Co, estimating up to 8.2 Tcf of gas and 234m barrels of condensate of P50 estimated un-risked gross prospective recoverable resources there.

Sierra Leone has already shown oil deposits during previous exploration campaigns led by Anadarko, Repsol and Tullow Oil. These notably resulted in a few discoveries, though uncommercial ones. They include Venus B-1, Mercury-1, and Jupiter-1 by Anadarko in 2009, 2010, and 2012, and Savannah-1X by Lukoil in 2013.

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