Wildcat Petroleum has signed a collaboration agreement with SFF to explore oil and gas in South Sudan, focusing on areas previously held by PETRONAS. This partnership is expected to boost Wildcat’s opportunities in South Sudan’s petroleum sector following PETRONAS’s withdrawal.
Wildcat Petroleum has entered into a collaboration agreement to explore oil and gas opportunities in South Sudan. The agreement, announced recently, will see Wildcat partner with SFF, a company owned by the South African government, focusing on exploration of blocks previously held by PETRONAS, which has recently withdrawn from the area. The collaboration aims to assess the petroleum potential in these blocks and explore scenarios for acquiring a stake in these assets.
The announcement is significant for Wildcat Petroleum, as indicated by its chair, Mandhir Singh. He expressed that securing the partnership with SFF is a positive development for their ambitions in South Sudan, stating that “Having secured this Agreement with the South African government through its wholly owned entity SFF is excellent news for Wildcat in its endeavours to secure a deal in South Sudan.” Singh further noted that the partnership with SFF enhances Wildcat’s prospects, considering SFF’s successful track record in signing petroleum deals in South Sudan since the nation’s independence in 2013.
The collaboration between Wildcat Petroleum and SFF marks a strategic step forward in exploring South Sudan’s petroleum resources. As the partnership develops, it is anticipated to enhance Wildcat’s opportunities in the region, particularly following PETRONAS’s departure from the projects. This move reflects optimism for future exploration and potential acquisitions in South Sudan’s asset portfolio.
Original Source: www.proactiveinvestors.co.uk
