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S.Leone Says Needs Time to Appraise Oil Find

Source: Reuters 5/26/2010, Location: Africa

Sierra Leone has not yet established whether an offshore oil find last year is commercially viable and expects to know more in a year, its energy minister said.

"We have not yet established that the oil they have found out is in commercial quantities. In about a year's time we should be in a far better position," Ogunlade Davidson said on the sidelines of a conference in Ivory Coast.

A consortium led by Anadarko Petroleum Corp announced last September it had made a find off the coast of Sierra Leone that analysts said potentially opened up a multibillion-barrel oil frontier in West Africa.

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