African Reserves

DG of Sierra Leone Petroleum Authority to talk about new licenses at MSGBC Oil, Gas & Power 2022

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Energy Capital & Power (ECP) (https://EnergyCapitalPower.com/) is proud to announce that Foday Mansaray, Managing Director of the Sierra Leone Petroleum Directorate (PDSL) under the Office of the President, will be presenting at the upcoming MSGBC Oil, Gas & Power Conference & Exhibition (https://bit.ly/3zFBqwU) in Senegal from September 1-2 this year. Joining the highly anticipated panels of Ministers and the National Oil Company (NOC) (https://bit.ly/3HtDlqh) immediately following the speech by HE Macky Sall, President of Senegal and Chairperson of the African Union on the opening morning , Mansaray will be joined by the respective ministers of Senegal, Mauritania, Gambia, Guinea-Bissau and Guinea-Conakry, as well as executives from Petrosen, Mauritanian Hydrocarbons Companythe Gambia National Oil Company, PetroGuin, National Petroleum Company and the Organization of the Petroleum Exporting Countries.

The announcement follows Sierra Leone’s launch of a major 56-block offshore licensing round late last month, with the round due to close on September 30, 2022. Although no commercial hydrocarbon discoveries have yet been made in the country, exploration work is in progress. ongoing international oil companies. Exploration in Sierra Leon dates back to 1984, with an initial pair of wild wells drilled by Mobil and Amoco.

More recently, the PDSL granted 8 offshore licenses to the Nigerian Innoson Oil and Gas and successfully closed its fourth round of licenses. With recent discoveries along the equatorial Atlantic margin and non-commercial oil exposures discovered at Venus B-1, Mercury-1, Jupiter-1 and Savannah-1X between 2009 and 2013 by Anadarko and Russia’s Lukoil, international interest for Sierra Leone and the whole West African region stung. Under Mansaray’s stewardship since October 2020, the PDSL has been a hive of activity, granting Wildcat Petroleum non-exclusive rights to 20 offshore blocks for geological surveying early last month and celebrating Innoson’s announcement a week later. latest of an estimated 8.2 trillion cubic feet (tcf) of gas reserves discovered in the country.

With the theme of MSGBC Oil, Gas & Power 2022 being “The Future of Gas: Growth through Strategic Investments and Policymaking”, the forward-looking megafind adds special meaning to the speech of Mansaray, his nation following the heels of regional leader, Senegal, with its 15 tcf Grand Tortue Ahmeyim transnational megadevelopment to come online next year and 20 tcf in Yakaar-Teranga awaiting a final investment decision and Mauritania with 13 tcf in BirAllah and another tcf in Banda throwing gas to electricity. As part of the medium-term national development plan, Sierra Leone’s latest licensing round will deliver 63,643 km2 of total offshore area spread equally over 56 equal blocks, and with investment delegations expected from across the country. Africa, Europe, Asia, America, Australia and the Middle East and $2.5 billion in deals signed at ECP events last year, MSGBC Oil, Gas & Power 2022, through the presence of Mansaray, provides Sierra Leone with an ideal platform to advance these prospects.

Mansaray himself holds a unique and privileged view of the field as a process engineer himself, working on projects ranging from South America off the coast of West Africa to the deserts of the north. from the continent. Working for Schlumberger and TotalEnergies, Expro and TechnipFMC on multi-billion dollar projects, his specialty is the integrated development of greenfield projects, ensuring that they are environmentally friendly and economically viable.

ECP International Conference Director Sandra Jeque noted that “Mr. Mansaray is a forward-looking energy leader for the nation of Sierra Leone, whose distinguished work in public-private partnerships, promoting Foreign investment and gas upgrading have led his country into a promising new era of exploration at the head of the MSGBC gas rush. His presence and ideas at the Ministerial and NOC panels of MSGBC Oil, Gas & Power 2022 will be a blessing for all the expected delegates and a compass by which the countries of the West African basin can orient their strategy and their investment policies.

Distributed by APO Group on behalf of Energy Capital & Power.

For more information: https://MSGBCOilGasandPower.com/

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