The Petroleum Directorate of Sierra Leone has announced that it is extending the deadline for its Fourth Licensing round.
The Directorate attributes the extension to requests from interested investors to have more time in which to complete and submit their applications.
The revised 4th bid round was reopened in May and now the deadline has been extended until February 28, 2020. This 4th round fully opens Sierra Leone’s offshore waters for petroleum licensing. Featured is a more flexible Block framework as the basis for licensing.
Direct tender for License Applications are available where 50% or more of the application area is in water depths in excess of 2,500 meters and all other License Applications fall under an open tender.
The new deadline is applicable to both direct and open tenders.
No minimum work program is required for the initial exploration period.
Further information on the Fourth Licensing Round including Bidding Guidelines, Regulatory Framework, Technical Data Packages and Data Room access requirements can be obtained from www.pd.gov.sl and www.pd-sl.com, as well as Getech – the Petroleum Directorate’s technical partner.
