Sierra Leone grants deepwater blocks to Chevron-led group

Offshore staff

LONDON – Sierra Leone’s government has awarded ODYE (SL) Ltd. and partners Chevron and Noble Energy, a participating interest in deepwater offshore blocks SA 8A-10 and SL 8B-10.

The two blocks were combined into one concession and are located between 75 and 110 mi (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 sq. mi (5,500 sq. km). The new blocks have average water depths ranging approximately 4,900 to 9,800 ft. (1,500 to 3,000 m).

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

10/08/2012