Launch of 4th Offshore Petroleum Licensing Round

RNS Number : 8586C

GETECH Group plc

25 January 2018

 

Getech Group plc

("Getech" or the "Company" and with its subsidiaries the "Getech Group")

Launch of the Fourth Sierra Leone Offshore Petroleum Licensing Round

Exclusively supported by the Getech Group

25th January 2018

The Petroleum Directorate of Sierra Leone today launches the country's Fourth Offshore Petroleum Licensing Round. This Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL. Applications to the Round close at 12-noon on 28^th June 2018.

At a meeting to be held at the Geological Society, London, the Director General of the Petroleum Directorate, Raymond S Kargbo and team, and ERCL Director Huw Edwards, will present detail of:

·     The Contract Areas on offer

·     The technical data available to support bids

·     The application procedure for interested companies

With over thirty oil companies registered to attend, the high number of attendees demonstrates the strength of interest in Sierra Leone's hydrocarbon potential.

Huw Edwards commented:

"Having worked in partnership with the Petroleum Directorate of Sierra Leone since 2016, we are delighted to be hosting Raymond and his team as they launch this exciting new phase for the country's petroleum sector. Together, we have assembled an extremely high quality technical database, and put in place a robust licencing framework. These will assist investors in their evaluation of the significant potential of the Sierra Leone margin - much of the well and seismic data are being made available for the first time. Investors also have the opportunity to license a number of value-add products, built using the Government's released seismic and well database."

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, GIS solutions and government advisory services help our customers to achieve their business goals of 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.

 

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