Chevron wins Sierra Leone concessions
Chevron Corp. has been awarded participation in two deepwater blocks located offshore Sierra Leone.
“We are very pleased to have the opportunity to participate in the Republic of Sierra Leone’s deepwater exploration efforts," said Chevron Vice Chairman George Kirkland. “We have a strong presence in the region, and this new play will capitalize on our global deepwater experience and exploration capabilities.”
The two blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2100 square miles (5500 km2).
The new blocks have average water depths ranging approximately 4900 to 9800 ft (1500 to 3000 m).
Under the award, Chevron (SL) Ltd. will be operator with a 55% interest, along with Noble Energy, Inc. (30%) and Odye (SL) Ltd. (15%). This is before a Sierra Leone National Oil Company optional back-in of 15% at final investment decision.
Adapted from press release by Peter Farrell.
Read the article online at: https://www.oilfieldtechnology.com/exploration/27092012/chevron-wins-sierra-leone-concessions-in-two-offshore-blocks/
You might also like
OEG secures three year contract to support oil major in North America
OEG secures framework agreement to supply logistics equipment to oil major in North America.