Sierra Leone: Chevron group gets deepwater concession

Sierra Leone has awarded two deepwater blocks offshore Freetown to a group led by a Chevron Corp. subsidiary.

Blocks SL-08A and SL-08B have been combined. The new concession covers 2,100 sq miles 75-110 miles southwest of Freetown in 4,900-9,800 ft of water.

Chevron (SL) Ltd. will be operator with a 55%. Noble Energy Inc. has 30%, and Odye (SL) Ltd. has 15%. The interests are before a Sierra Leone National Oil Co. optional backin of 15% at final investment decision.

To access this Article, go to: