Anadarko on Sierra Leone: “The potential that we see there is the same as what we saw in Ghana pre-drill. The Venus prospect we have in Sierra Leone… is a look alike to what Jubilee was pre-drill. So we're very excited about the opportunity there.”     Bob Daniels,  SVP - Anadarko

Strategically located in a neighborhood with untapped natural resources and emerging from a period of low investment, Sierra Leone offers an unparalleled investment opportunity for companies interested in partnering with a forward thinking and pro-business government

• Demand for oil is projected to continue growing faster than domestic capacity
• Major oil fields being discovered in Gulf of Guinea are increasingly making West and Central Africa the source of the world’s crude oil supply
• Recent hydrocarbon discovery by Anadarko in offshore Venus prospect indicate likelihood of major oilfields in Sierra Leone
• Regional (and global) refining capacity is not keeping up with demand
• Aging world refinery inventory will further contribute to tightening of supply
• Increasingly stringent emissions regulations, and Not-In-My-Backyard attitudes in consuming nations make it unlikely that additional capacity will be added in these countries
• United States and other nations are very supportive of developing oil supply capacity in West Africa to reduce dependence on Middle East oil

Sierra Leone is strategically positioned to benefit

• Uniquely located to supply markets in US, Europe and Africa without geographical pinch points
• Access to multiple oil producers in Gulf of Guinea and South America
• Positioned to benefit from discoveries of domestic hydrocarbon resources 

The Oil & Gas Sector is regulated by the Petroleum Exploration and Production Act 2001

Also see the Standard Application for Submission of bids for entering into Petroleum Agreements and Model Petroleum Agreement

To find out more on Investment Opportunities in this sector, click here