Wildcat Petroleum granted non-exclusive right over 20 blocks offshore Sierra Leone

LSE-listed Wildcat Petroleum (WCAT) had announced the signing of a Reconnaissance Permit Agreement with the Petroleum Directorate of Sierra Leone (PDSL).

The permit grants Wildcat Petroleum non-exclusive rights to conduct reconnaissance operations over 24,000 km2 for a period of six months. The company will notably carry out a desktop study using geophysical and geological data to identify blocks with the highest potential to yield commercially viable oil finds.

“If block(s) with the potential of containing commercially viable oil discoveries are identified then WCAT intends to enter negotiations with the PDSL for a Petroleum Exploration and Production Licence(s),” Wildcat Petroleum said in a statement yesterday.

Map: Wildcat Petroleum Plc

The study area notably contains two uncommercial oil discoveries, Mercury and Jupiter, discovered by Anadarko Petroleum, Tullow Oil and Repsol.

Based on previous exploration in the country and the presence of hydrocarbon shows in the wells drilled offshore Sierra Leone, Wildcat Petroleum believes there is a working petroleum system there.

“In the period since these blocks were relinquish billions of barrels of oil resources have been discovered in the Cretaceous fans beneath the deep waters of the Guyana-Suriname Basin in South America Ð which can be linked tectonically & litho-stratigraphically with the conjugate Sierra Leone Basin,” the company added.

Wildcat Petroleum was incorporated in 2020 and was admitted to the London Stock Exchange the same year. In June 2021, the company announced that it would initially focus on securing and developing a proven upstream asset in Angola, with a secondary focus on Namibia for exploration upside.

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Experts To Discuss Global Opportunities For Nigeria Energy Sector At NOG 2022

The 21st edition of Nigeria’s foremost energy event, NOG Conference and Exhibition is set to hold in person at the International Conference Centre, Abuja from 4 – 7 July 2022. dmg Nigeria events, the organisers of the event stated that NOG 2022 will host key stakeholders from across the global energy value chain to discuss unique opportunities for Nigeria’s energy resources in the face of global energy demand. The conference will also discuss key issues such as financing opportunities for energy projects in sub-Saharan Africa, bridging infrastructure gap for improved domestic gas market, opportunities for indigenous companies in the PIA era, technology innovations for decarbonatization across the value chain, and other critical topics, that will help set the nation’s energy agenda for the next 12 months and beyond. The conversation at this year’s conference is significant as the industry navigates the growing global demand for renewable energy and climate friendly sources of energy in the face of Africa’s unique energy mix requirements. Many industry leaders have also dubbed this to be an opportunity to seek a lasting solution to Africa’s energy poverty and bring the much-needed socioeconomic development. As part of its commitment to the development of the Nigerian energy industry, NOG will also provide the opportunity to showcase and train industry stakeholders on best in class technology innovations across the value chain through its CPD certified NOG Technical Seminar. The Technical Seminar will host sessions in 5 different streams covering upstream operation, midstream, downstream, digitization and project management. The NOG Conference and Exhibition annually hosts over 500 delegates, 300 exhibiting companies, 80 industry expert speakers and 40 sessions across 2 conference streams. 2022 Sponsors include: NNPC, ExxonMobil, Nigeria LNG Limited, Shell, Chevron, Total Energies, Oando, NCDMB, Prime Atlantic, DCPL, Coleman Wires And Cables, UTM FLNG Limited, First E & P, ND Westers, Samsung, Montego, Nivafer, Russell Smith, Vurin Group, MG Vowgas, WAV, Trexm Chemicals, and MicCom, Niger Delta Exploration & Production Plc, Eleva Group and Heritage to date. Hawilti is a proud Research & Content Partner of the 21st NOG Conference & Exhibition.

AG&P delivers world’s first modular FSRU in Senegal

GAS Entec, a subsidiary of Singapore-based Atlantic Gulf & Pacific International (AG&P) has completed the conversion of a 125,000 m3 LNG carrier for KARMOL, the joint-venture of Turkey’s Karpowership and Japan’s Mitsui OSK Lines. The converted 84 MMscf/d modular floating storage and regasification unit (M-FSRU) is a first in the world and will be delivering LNG to the 236 MW Karadeniz Powership Aysegul Sultan in the Port of Dakar. “Gas Entec’s proprietary, patented RegasTainer® technology offers flexibility to scale the capacity of the FSRU up and down from 15 to 300 mmscfd with minimized downtime, allowing the vessel to be repurposed as power requirements grow in a market,” AG&P said in a statement today. Karpowership’s Ayşegül Sultan power barge was relocated offshore Dakar from Ghana in 2019. It has run on heavy fuel oil (HFO) until the arrival of the KARMOL LNGT Powership Africa FSRU in 2021, and currently represents 15% of Senegal’s electricity supply. In 2021, the Mauritius Commercial Bank (MCB) announced a $140m syndicated project finance facility to convert the facility to natural gas.