CAPE TOWN, June 26 (Reuters) - Sierra Leone will wait
for the results of a recently-launched offshore 3D seismic
survey, its first in over a decade, ahead of potentially opening
its next oil and gas licensing round later this year, a senior
government official said on Thursday.
In partnership with the government's petroleum directorate,
consultancy GeoPartners started the six-week seismic survey last
month as part of efforts to de-risk exploration in Sierra
Leone's offshore basin.
"The reprocessing of that data is happening now with our
multi-client partners, TGS, and we are hoping to get something
to push to the market in October," Foday Mansaray, director
general at the Sierra Leone Petroleum Directorate said of a
potential licensing launch date.
He said the West African country, where the then Anadarko
Petroleum and Russia's Lukoil previously discovered oil but not
in commercial quantities, could potentially offer up to 60
offshore blocks in its sixth oil and gas auction round. The
previous round concluded in 2023.
However, the new blocks are unlikely to include ultra-deep
areas that are ordinarily open for direct negotiations, he said.
Sierra Leone has an estimated 30 billion barrels of oil
equivalent recoverable offshore, Mansaray said, including the
large Vega prospect identified by Anadarko previously, which has
some 3 billion barrels of oil recoverable.
Situated along the Atlantic seaboard and between regional
oil-producing countries, such as Ivory Coast to the south and
Senegal to the north, Sierra Leone is keen to boost its
credentials as an emerging exploration frontier.
Over the past 18 months, Shell, Petrobras
, Hess and Murphy Oil ( MUR ) have purchased
some of its licensed data, Mansaray said.
Using Namibia and Guyana as examples of how exploration has
boomed in those countries following years of inactivity, he said
Sierra Leone could be on the verge of a breakthrough.
"I firmly believe that Sierra Leone is on the cusp of
something big and we are going to be one of the next big and
successful stories."