Wildcat Petroleum has entered a collaboration agreement with SFF to explore petroleum in South Sudan. The partnership aims to evaluate land previously held by PETRONAS after its withdrawal from the region. Wildcat’s chair expressed optimism about the deal, citing SFF’s successful track record in South Sudan since its independence in 2013.
Wildcat Petroleum has formed a collaboration agreement to explore petroleum opportunities in South Sudan. The company will jointly operate with SFF, a subsidiary owned by the South African government, focusing on evaluating land previously held by PETRONAS. This strategic partnership aims to assess the potential for acquiring these assets after PETRONAS’s announced withdrawal from the projects last August.
The collaboration signifies a pivotal moment for Wildcat Petroleum, enhancing its pursuits within South Sudan’s energy sector. Mandhir Singh, chair of Wildcat, stated, “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.” This alliance positions Wildcat alongside SFF, which has successfully signed significant petroleum deals in South Sudan since its independence in 2013.
The collaboration between Wildcat Petroleum and SFF marks a significant step in exploring South Sudan’s petroleum potential. This agreement comes after PETRONAS’s withdrawal and places Wildcat on a promising path for securing valuable energy assets in the region. The partnership leverages SFF’s experience in navigating the South Sudanese market, which could unlock further opportunities for Wildcat Petroleum.
Original Source: www.proactiveinvestors.co.uk
