Wildcat Petroleum has entered into a collaboration agreement with SFF to explore oil resources in South Sudan, following PETRONAS’s withdrawal from these projects. The partnership aims to evaluate the petroleum potential of previously held assets and is expected to enhance Wildcat’s exploration opportunities in the region.
Wildcat Petroleum (LSE:WCAT) has announced a collaboration agreement with SFF, a company owned by the South African government, to conduct exploration in South Sudan. This partnership aims to assess the potential of oil reserves in areas previously controlled by PETRONAS, which recently decided to withdraw from these projects in August 2025. The agreement signifies Wildcat’s strategic move to explore new opportunities in South Sudan’s oil sector, focusing on evaluating the petroleum potential of these assets.
Wildcat’s collaboration with SFF is viewed positively, as SFF has a successful track record of signing petroleum agreements in South Sudan since the nation became independent in 2013. This partnership is expected to enhance Wildcat’s position in the region, facilitating access to critical resources and expertise necessary for exploration efforts. Wildcat’s chair, Mandhir Singh, expressed optimism regarding the deal, acknowledging the importance of securing such agreements to advance their endeavors in South Sudan’s energy market.
In summary, Wildcat Petroleum’s collaboration agreement with SFF marks a significant step in exploring South Sudan’s petroleum potential. The partnership promises to leverage SFF’s expertise and history in the region following PETRONAS’s withdrawal. This strategic move may open new avenues for Wildcat in the oil sector, reflecting optimism in securing valuable resources for exploration.
Original Source: www.proactiveinvestors.co.uk
