With as many as 12 licensing rounds expected to close in West Africa in the coming months, interest from international oil companies (IOC) is expected to bring significant investment into the region’s exploration and development sectors.
Following the recent discoveries of sizeable oil and gas plays throughout the continent, new licensing rounds are expected to position West Africa as a frontier exploration hub and usher in a new era of industry growth, energy security and socioeconomic development.
Sierra Leone
Having launched its fifth licensing round in 2022, Sierra Leone has sought to advance its oil and gas industry by inviting investors to engage and participate in a licensing round that has put on offer over 63,000km2 of highly prospective acreage.
Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States.
