Director General to Consult with Investors

RNS Number : 2371A

GETECH Group plc

10 September 2018

 

Getech Group plc

("the Getech Group" or the "Company")

Director General of the Sierra Leone Petroleum Directorate to consult

with Petroleum Industry investors

In August 2018 Mr Timothy Kabba was appointed as Director General of the Sierra Leone Petroleum Directorate. Mr Kabba brings fresh perspectives to the current Fourth Sierra Leone Licensing Round and in step with the Government's New Direction initiative, he has decided to expand the dialogue and enter a period of industry consultation.

This consultation process is expected to last for up to 6 months and requires the temporary suspension of the ongoing Fourth Licensing Round.

Mr. Timothy Kabba, Director General of the Sierra Leone Petroleum Directorate commented:

"The Republic of Sierra Leone is committed to attracting long-term investment through the development of its natural resources. The Petroleum Directorate's mission is to deliver this investment through a process that creates maximum value for both the investor and the country's people. I look forward to meeting with the industry during this important consultation process"

Jonathan Copus, CEO of the Getech Group commented:

"The offshore waters of Sierra Leone contain proven petroleum systems and the country's Fourth Licensing Round has generated significant levels of interest. This has led to a busy and wide-ranging dialogue with a variety of high-quality international oil and gas companies. Through a process of consultation, the staff of the Petroleum Directorate and Getech will work in partnership to narrow and focus the License Round conversation - the shared goal being the successful conclusion of that Round."

For further information

https://getech.com/sierra-leone-oil-gas-exploration/                     www.pd-sl.com

Getech Group plc                                                                                            Tel:  [phone]

Jonathan Copus, Chief Executive Officer

WH Ireland Limited                                                                                        Tel:  [phone]

Katy Mitchell

Notes to Editors:

The Getech Group provides the expertise, support and knowledge that companies and governments need to better discover, develop and manage natural resources. Our data-rich products, geospatial solutions and government advisory services help our customers to achieve their business goals of risk-management, cost control, operational excellence, regulatory compliance and environmental responsibility. 

The Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services to develop their nation's natural resources. Our work in Sierra Leone joins similar Getech Group projects in Africa, the Americas and Middle East.

For more information, please visit our website at www.getech.com

This update refers to a contract in the ordinary course of business for Getech - details of which were previously announced on 21 May 2018.

 

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