Latest information concerning ERCL
Following an extended election period, resulting from the run-off between the two main political parties, the Government of Sierra Leone has decided to extend the close date of the country’s Fourth Licensing Round to the 27th September 2018.
This License Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL.
Jonathan Copus, CEO of the Getech Group commented:
“The offshore waters of Sierra Leone contain proven petroleum systems, the understanding of which are supported by an inventory of extremely high quality geological and geophysical data. With much of this data being made available for the first time, the country’s Fourth Licensing Round has generated significant levels of interest from the international oil and gas industry.
Following the Round’s London launch in January, which was attended by more than 30 companies, activity has moved on to a busy programme of technical and commercial review – staff of the Petroleum Directorate and Getech welcoming a broad spectrum of International Oil Majors and large Independents to Data Rooms held in Freetown (Sierra Leone), London (UK) and Houston (USA).
In partnership with the Republic of Sierra Leone, Getech’s goal is to attract international investment via a strong and transparent licensing process, through which the country’s people will gain both near-term and long-term national benefit. With levels of exploration activity beginning to rise across the oil and gas industry we look forward to concluding Sierra Leone’s Fourth Licencing Round.”
For further information:
Getech Group plc Tel: 0113 322 2200
Jonathan Copus, Chief Executive Officer
WH Ireland Limited Tel: 0161 832 2174
Notes to Editors:
The Getech Group provides the expertise, support and knowledge that companies and governments need to better discover, develop and manage natural resources. Our data-rich products, geospatial solutions and government advisory services help our customers to achieve their business goals of risk-management, cost control, operational excellence, regulatory compliance and environmental responsibility.
The Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services to develop their nation’s natural resources. Our work in Sierra Leone joins similar Getech Group projects in Africa, the Americas and Middle East.
For more information, please visit our website at www.getech.com
This update refers to a contract in the ordinary course of business for Getech.
The Petroleum Directorate Sierra Leone launched the country’s Fourth Offshore Petroleum Licensing Round yesterday in London’s Geological Society. This Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL. Applications to the Round close at 12-noon on 28th June 2018.
During the meeting, the Director General of the Petroleum Directorate, Raymond S Kargbo and team, and ERCL Director Huw Edwards, presented details of:
· The Contract Areas on offer
· The technical data available to support bids
· The application procedure for interested companies
Over thirty oil companies attended; this high number of attendees demonstrates the strength of interest in Sierra Leone’s hydrocarbon potential.
Huw Edwards commented
“Having worked in partnership with the Petroleum Directorate of Sierra Leone since 2016, we were delighted to host Raymond and his team as they launched this exciting new phase for the country’s petroleum sector. Together, we have assembled an extremely high quality technical database, and put in place a robust licencing framework. These will assist investors in their evaluation of the significant potential of the Sierra Leone margin – much of the well and seismic data are being made available for the first time. Investors also have the opportunity to license a number of value-add products, built using the Government’s released seismic and well database.”
The Petroleum Directorate of Sierra Leone (PDSL) will be officially declaring open its Fourth Licensing Round on the 15th January 2018 in Freetown, Sierra Leone. This will be followed by an official launching of the Licensing Round on 25th January 2018 at the Geological Society of London, Burlington House, Piccadilly, Mayfair, London, UK. The dates have been finalised and the round will run from 15th January until 28th June 2018.
The PDSL and its partners: the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL invite the wider International Oil and Gas community to participate in this Licensing round, and will be more than willing to welcome you all
The Director General of the Petroleum Directorate of Sierra Leone (PDSL), Raymond Kargbo, announced at this week’s Africa Oil Week Conference in Cape Town, South Africa, that his country’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end-May 2018.
This License Round will be exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL.
ERCL and the Petroleum Directorate have worked together since 2016 to provide the data that investors will require to review Sierra Leone’s proven prospectivity. Through Data Rooms in Freetown and London, investors can access a huge range of technically-rich information, including:
- 15,000 line km of 2D seismic
- >10,000km2 of 3D seismic (including PSDM volumes reprocessed by previous operators)
- all wells from the 2009-2013 drilling campaigns, which produced four discoveries
The 3D seismic data and wells are available to license from the PDSL and will be delivered by ERCL.
Also available to licence are a number of value-added products, built by the Getech Group using the Government’s released 3D seismic and well database. These include the Sierra Leone Digital (GIS) Atlas and Sierra Leone Petroleum Geology Report. In addition, the Getech Group’s large potential fields database and regional reports are also available to assist in evaluating the Sierra Leone margin.
Jonathan Copus, CEO of the Getech Group commented:
‘’The Getech Group is proud to be working in partnership with the Petroleum Directorate of Sierra Leone during this exciting new phase for the country’s petroleum sector. Located on a margin that is bookended by major discoveries in Senegal/Mauritania and Ghana, Sierra Leone’s offshore waters contain proven petroleum systems that we believe to be conjugate to major discoveries in South America.”
“As exploration interest steps up in the neighbouring waters of Guinea, potential investors are able to access an extremely high quality technical database to assist in their evaluation of the undoubted potential of the Sierra Leone margin. We look forward to the Fourth
Licensing Round and assisting the Directorate in attracting investment in the upstream petroleum sector of Sierra Leone’’
Raymond Kargbo, makes the announcement on the stage of Africa Oil Week Conference in Cape Town
Interested parties should contact Raymond Kargbo Director General of the PDSL (email@example.com) or John Clark at ERCL (firstname.lastname@example.org).
Getech is pleased to announce a new agreement to provide advisory and technical support services to the Petroleum Directorate of Sierra Leone through its wholly owned subsidiary, ERCL.
The mission of the Petroleum Directorate is to facilitate the exploration and development of Sierra Leone’s petroleum resources for the long-term benefit of its people, through the development of regulatory guidelines and monitoring contract compliance, having due regard for the economy, the environment, safety, technology, as well as balancing the interests of the nation and investor.
ERCL Limited, a Getech Group company, has been working with the Petroleum Directorate since 2016, providing a long-term counterpart training programme for the Directorate’s technical team in Freetown, with initial funding from the World Bank’s EITAP programme.
The new agreement focuses on building a national database to transform access to data and information needed by organisations in the petroleum sector to help them make their investment decisions. To fast-track insight into the prospectivity of the region, ERCL will leverage its geoscience expertise and add value to the national database by developing a series of technical studies. In its commitment to capacity building, ERCL will also continue to provide technical support, technology transfer and counterpart training to the Petroleum Directorate’s technical team.
Getech’s CEO, Jonathan Copus, explains more about the benefits that Getech can offer to government agencies: “Having visited the Petroleum Directorate offices and met its team, headed by Director General Raymond Kargbo, I am excited at the prospect of broadening our long term relationships in Sierra Leone. Our Government Services team designs, manages and supports licence and bidding rounds for countries all over the world and we understand how to create an environment of benefit to both the government and investor.” The Getech Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services all over the world to develop their nation’s natural resources.
The work in Sierra Leone joins similar Getech Group projects in Africa, the Americas and Middle East.
On Thursday 27th July at a meeting of the PESGB 3 Counties Regional Group in Henley on Thames UK, John Clark from ERCL (A Getech Group Company) presented an Oil and Gas Outlook for Sierra Leone on behalf of the Petroleum Directorate of Sierra Leone. Four members of the Petroleum Directorate technical team attended the meeting who were on a two week visit to the UK.
The talk was a great success and was well-attended by oil industry representatives. The presentation focussed on the recent activity in Sierra Leone and the future, with the Petroleum Directorates data room now open in Freetown.
Getech Group company ERCL, is pleased to announce an extension of its agreement to provide the Lebanese Petroleum Authority (LPA) with consultancy services in conjunction with the recommencement of the first Lebanese License Round.
The Getech Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services all over the world to develop their nation’s natural resources. The work in Lebanon joins similar Getech Group projects in Africa, the Americas and Middle East.
Download Press release: 10-05-17 Getech Providing Petroleum Licence Round Support in Lebanon
ERCL part of the Getech Group will attend and be exhibiting at the Lebanon International Oil & Gas (LIOG) Summit 9 -10 May 2017 in Beirut.
For more information about LIOG, please visit www.liog-summit.com
Separate studies available now for Mid North Sea High area and Rockall Trough
High grading plays for detailing prospect evaluation
ERCL is pleased to announce completion of our Multi-Client Technical Evaluation and Screening Studies for the 29th Round Blocks. Two areas have been investigated, the Mid North Sea High area and the Rockall Trough, and are available to purchase on a non-exclusive (multi-client) basis. Each evaluation is a screening of UK 29th Round blocks using all the publically available well data, OGA seismic data and gravity and magnetics data. Additional information has also been used to refine and extend our interpretations, namely:
- Getech Globe New Ventures platform to investigate reservoir provenance
- Getech’s industry-leading G&M database to help constrain depth to basement and
- Thermal history studies undertaken by Geotrack on both a basin scale and regionally along the UK Atlantic margin to determine source rock maturity and hydrocarbon generation history. Whilst OGA has released the basic AFTA and VR data for selected wells, no interpretation or thermal history reconstruction work has been released.
Areas of interest have been highlighted and ranked, detailing plays which warrant a more detailed prospectivity evaluation. Items to be delivered with each study are:
- ArcGIS project – integrating all available data
- Report – summarises plays in each area
- Powerpoint – detailing plays investigated
- Kingdom project – with key horizons interpreted
For further information regarding the Mid North Sea High or Rockall Trough Technical Evaluation and Screening Studies please contact Martine Davies or Sarah-Jane Kelland.
A summary flyer is available via the link below, and a more detailed Project Outline is available on request.
ERCL 29th Round Study Flyer Apr 16
The Institute of National Petroleum of Mozambique (INP), is pleased to announce the results of the fifth competitive bidding round for Exploration and Production Concession Contracts.
DOWNLOAD FIFTH MOZAMBIQUE LICENSING ROUND RESULTS – 28th OCTOBER 2015