Gulf Oil and Gas accountACCOUNT

Sierra Leone Announces Bid Round on 29 December 2011

Source: Reuters 1/11/2012, Location: Africa

Pursuant to Section 30(1) and 32(2) of the Petroleum Exploration and Production Act 2011, the Sierra Leone Petroleum Directorate announces Sierra Leone's 2011/2012 Petroleum Bid Round for the following nine (9) blocks (SL-4A-10, SL-7A-10, SL-7C-10, SL-8A-10, SL-8B-10, SL-9A-10, SL-9B-10, SL-10A-10 and SL-10B-10), totalling about 21,242 km(2). The bid round will commence on 29 December 2011 and end on 30 March 2012.

About 5,800 line km of reprocessed 2D seismic, 3,200 km(2) of 3D seismic data covering some of these blocks, well information and regional interpretation are available for purchase from the offices of TGS. Companies can also purchase data for some of the blocks. Other bidding documents and details of the process and criteria for evaluation of bids are obtainable from the Petroleum Directorate.

Oil companies are invited to evaluate our Hydrocarbon potential and bid for a block or blocks. We have a hybrid of royalty-tax and a carried interest for the National Oil Company with competitive rates.

This bid round closes at 12:00 noon on 30 March 2012 and bids will be opened at 12:05 midday at the conference room of the Petroleum Directorate, 43 Siaka Stevens Street, Freetown. Government reserves the right to withdraw the bid round and is not bound to choose the highest bidder.

Acquisitions and Divestitures News in Sierra Leone >>

Nigeria >>  6/4/2020 - Canadian Overseas Petroleum Limited, an international oil and gas exploration and development company focused on offshore Africa is pleased to announc...
Australia >>  6/3/2020 - Shell plc is considering a sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities – a multibillion dollar investment opportu...

Brazil >>  6/1/2020 - Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35...
Brazil >>  6/1/2020 - Petrobras has started the opportunity disclosure stage (teaser), regarding the sale of a part of its interest in the exploratory blocks belonging to t...

Norway >>  6/1/2020 - Unless otherwise defined, capitalised terms in this announcement shall have the same meaning given to them on the Company’s press release dated 25 Mar...
Algeria >>  5/30/2020 - SONATRACH announces the completion of a transaction to acquire 19.10% of the shares held by the Spanish company CEPSA Holding in the Company Medgaz. W...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Sierra Leone Oil & Gas 1 >> 

Oil & Gas Projects in Sierra Leone >>

More News

Related Links

AO BJ BW CD CG CI CM DJ DZ EG EH ET GA GF GH GM GN GQ GW KE LR LY MA MG ML MR MW MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM ZW
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.