Sierra Leone President
The Sierra Leonean government and Shell have signed an exploration agreement unlocking offshore energy potential.
The Agreement Coverage
The deal allows Shell to carry out advanced geological and geophysical surveys across more than 20,000 square kilometres of offshore territory
The work will include basin modelling and petroleum analysis, aimed at building a clearer picture of the country’s deepwater hydrocarbon reserves.
Officials say the data will help reduce risk for investors and pave the way for future exploration.
It follows a similar agreement signed with Italy’s Eni last year as Sierra Leone looks to attract major global players to its energy sector.
An Important Step Forward
Shell says the agreement does not guarantee future drilling, but it marks an important step in assessing what could be significant untapped resources.
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Source / African News
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