Sierra Leone Showcases Offshore Licensing and Drilling Plans at…

At the Invest in African Energy Forum in May 2025, Sierra Leone will showcase its offshore oil potential, with government estimates indicating 44 billion barrels of oil, and plans for a 2025 drilling campaign. The country has concluded a licensing round that attracted interest and aims to form its National Oil Company to strengthen its oil sector.

Sierra Leone is set to promote its offshore licensing opportunities and 2025 drilling plans at the Invest in African Energy Forum in Paris, scheduled for May 13-14, 2025. The country’s Director General of the Petroleum Directorate, B. L. Mansaray, will highlight the substantial upstream potential and offshore acreage available for investment.

Sierra Leone is making significant strides in unlocking its offshore oil potential, with substantial reserves estimated and upcoming drilling campaigns planned. The establishment of its National Oil Company and efforts to attract investment through competitive fiscal terms are pivotal to the nation’s oil and gas strategy.

Original Source: africanminingmarket.com