Sierra Leone 5th License Round
With the closure of the 5th offshore Licensing Round on 29 September 2023, the Petroleum Directorate of Sierra Leone (PDSL) is now assessing bids from all the parties that expressed an interest in the area.
In addition, the PDSL has streamlined the petroleum license process, aiming to award within 85 days of application and provide an investment environment to encourage international O&G companies to explore Sierra Leone's offshore waters. Studies of the extensive seismic coverage in the area indicate potential multi-billion barrel prospects, presenting an exceptional exploration opportunity.
