Sierra Leone is bordered by Guinea to the north and east, Liberia to the southeast and the Atlantic Ocean to the west and southwest. Following years of conflict and the discovery of the Jubilee field off the coast of Ghana, oil contractors have been quick to enter Sierra Leone to explore the country’s oil and gas potential.
In 2011, the Environment Protection Agency of Sierra Leone (EPA-SL) in collaboration with the Petroleum Directorate Sierra Leone, released the Strategic Environmental Assessment (SEA) of potential hydrocarbon development in the country. The report highlighted that Sierra Leone stands to generate more than $100 million annually once oil production gets underway, a significant boost to domestic revenues.
Our strategy in Sierra Leone
Operating through Minexco SL Resources, we are pursuing a strategy of acquiring blocks in high potential areas, nearby existing oil discoveries.
Minexco holds assets in the Block SL-07-10A offshore Sierra Leone, located along the three recent discoveries made by Anadarko Petroleum. Block SL7A covers an area of 3,490km and is near the maritime frontier of Liberia. The Block is in close proximity to the recent Jupiter, Venus and Mercury discoveries made by Anadarko. A work programme is underway for this block, which includes both 2D and 3D seismic surveys.