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Sierra Leone Petroleum Directorate to Shape Upstream Dialogue as Bronze Sponsor at African Energy Week 2022

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  The Sierra Leone Petroleum Directorate will be coming to Cape Town to attend and participate in this year s African Energy Week AEW conference and exhibition www AECWeek com Africa s premier event for the petroleum sector oil and gas taking place from 18 to 21 October as a bronze sponsor With AEW 2022 representing the best platform where energy investment and market optimization agreements are discussed negotiated and signed and Sierra Leone seeking to attract foreign direct investment to maximize exploration activities and infrastructure development the involvement of the Petroleum Directorate as a bronze sponsor it will be crucial in driving investment in upstream oil and gas in the West African country Since its inception in 2003 the Sierra Leone Petroleum Directorate has played an active role in promoting the potential of the country s hydrocarbon market Responsible for enacting competitive tax terms launching massive exploration campaigns and creating strategic alliances with International Oil Companies IOCs and regional parties such as the Ghana National Petroleum Corporation GNPC as well as the Ministry of Mines and Hydrocarbons of Equatorial Guinea the Directorate has been and continues to be fundamental in unlocking its resources and taking advantage of regional associations Now with the regulator launching the country s fifth licensing round in 2022 and seeking better collaboration with IOCs and other African oil and gas producing countries and companies AEW 2022 presents the best platform for Sierra Leone to accelerate its market development of oil and gas Following the discovery of an estimated recoverable resource of 8 2 trillion cubic feet of gas and 234 million barrels of oil by Innoson Oil and Gas in the country in April 2021 and the launch of new drilling campaigns Sierra Leone is on the cusp of major oil operations and gas discoveries As such there are numerous opportunities available to investors as the country seeks accelerated development in 2022 and beyond The Chamber welcomes the Sierra Leone Petroleum Directorate as a bronze sponsor in this year s edition of AEW With Sierra Leone moving with great determination towards the prosperity of its hydrocarbon sector AEW 2022 is the best place to sign game changing energy deals With only 26 of the country s population having access to electricity hydrocarbon resources will play a key role in driving electrification and driving socio economic growth In this regard the Chamber wishes to extend cooperation with the management to ensure that the country achieves its energy security goals says NJ Ayuk Executive Chairman of the African Energy Chamber AEC adding that The moment of investing in African oil and gas is now and countries like Sierra Leone offer lucrative opportunities that the Chamber urges investors to take advantage of Representing a thriving and highly attractive hydrocarbon market the presence of the Sierra Leone Petroleum Directorate at AEW will be crucial in shaping important discussions on the best approaches to maximize the exploration production and exploitation of hydrocarbon resources to make that energy poverty becomes history in Africa by 2030 As a bronze sponsor the Sierra Leone Petroleum Directorate will have access to exclusive networking forums and panel discussions at AEW 2022 Africa s largest and most diverse energy event where the regulator will promote investment opportunities in the upstream and midstream segments of Sierra Leone while establishing contacts with potential project partners and investors as the country seeks to position itself as a net producer of hydrocarbons
Sierra Leone Petroleum Directorate to Shape Upstream Dialogue as Bronze Sponsor at African Energy Week 2022

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Sierra Leone

The Sierra Leone Petroleum Directorate will be coming to Cape Town to attend and participate in this year’s African Energy Week (AEW) conference and exhibition (www.AECWeek.com), Africa’s premier event for the petroleum sector.

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oil and gas taking place from 18 to 21 October – as a bronze sponsor.

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With AEW 2022 representing the best platform where energy investment and market optimization agreements are discussed, negotiated and signed, and Sierra Leone seeking to attract foreign direct investment to maximize exploration activities and infrastructure development, the involvement of the Petroleum Directorate as a bronze sponsor it will be crucial in driving investment in upstream oil and gas in the West African country.

Since its inception in 2003, the Sierra Leone Petroleum Directorate has played an active role in promoting the potential of the country’s hydrocarbon market.

Responsible for enacting competitive tax terms, launching massive exploration campaigns, and creating strategic alliances with International Oil Companies (IOCs) and regional parties such as the Ghana National Petroleum Corporation (GNPC), as well as the Ministry of Mines and Hydrocarbons of Equatorial Guinea, the Directorate has been and continues to be fundamental in unlocking its resources and taking advantage of regional associations.

Now, with the regulator launching the country’s fifth licensing round in 2022 and seeking better collaboration with IOCs and other African oil and gas producing countries and companies, AEW 2022 presents the best platform for Sierra Leone to accelerate its market development.

of oil and gas.

Following the discovery of an estimated recoverable resource of 8.2 trillion cubic feet of gas and 234 million barrels of oil by Innoson Oil and Gas in the country in April 2021 and the launch of new drilling campaigns, Sierra Leone is on the cusp of major oil operations and gas discoveries.

As such, there are numerous opportunities available to investors as the country seeks accelerated development in 2022 and beyond.

“The Chamber welcomes the Sierra Leone Petroleum Directorate as a bronze sponsor in this year’s edition of AEW.

With Sierra Leone moving with great determination towards the prosperity of its hydrocarbon sector, AEW 2022 is the best place to sign game-changing energy deals.

With only 26% of the country’s population having access to electricity, hydrocarbon resources will play a key role in driving electrification and driving socio-economic growth.

In this regard, the Chamber wishes to extend cooperation with the management to ensure that the country achieves its energy security goals”, says NJ Ayuk, Executive Chairman of the African Energy Chamber (AEC), adding that, “The moment of investing in African oil and gas is now, and countries like Sierra Leone offer lucrative opportunities that the Chamber urges investors to take advantage of.” Representing a thriving and highly attractive hydrocarbon market, the presence of the Sierra Leone Petroleum Directorate at AEW will be crucial in shaping important discussions on the best approaches to maximize the exploration, production and exploitation of hydrocarbon resources to make that energy poverty becomes history in Africa.

by 2030.

As a bronze sponsor, the Sierra Leone Petroleum Directorate will have access to exclusive networking forums and panel discussions at AEW 2022, Africa’s largest and most diverse energy event, where the regulator will promote investment opportunities in the upstream and midstream segments of Sierra Leone.

while establishing contacts with potential project partners and investors, as the country seeks to position itself as a net producer of hydrocarbons.

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