Chevron gets deepwater blocks offshore Sierra Leone

Offshore staff

SAN RAMON, California – The Republic of Sierra Leone has awarded Chevron (SL) Ltd. (NYSE:CVX) participation in two deepwater offshore blocks.

Blocks SL-08A and SL-08B have been combined into one concession located 75-110 mi. (120-180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). The new blocks have average water depths ranging approximately 4,900 to 9,800 feet (1,500 to 3,000 m).

Under the award, Chevron (SL) Ltd. will be operator with a 55% interest, along with Noble Energy Inc. (30%) and Odye (SL) Ltd. (15%). This is before a Sierra Leone National Oil Co. optional back-in of 15% at final investment decision.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...