Oil and gas company Wildcat Petroleum has passed a requisite due diligence process in South Sudan, enabling the company to undertake petroleum deals in the country, including large-scale oil production purchases.
The clearance process – which included a technical competency and financial capability evaluation – is required by South Sudan’s Ministry of Petroleum (MOP).
According to Wildcat Petroleum Chairman Mandhir Singh, the company has been invited by the MOP to visit Juba and enter discussions on current oil production opportunities in the country, following the approval.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.