Wildcat Petroleum has signed a collaboration agreement with SFF for oil exploration in South Sudan, enhancing its prospects after PETRONAS’s withdrawal from the region. The agreement focuses on evaluating previously held PETRONAS acreage and potential acquisition scenarios.
Wildcat Petroleum has recently signed a collaboration agreement to explore oil resources in South Sudan. The partnership involves SFF, a company wholly owned by the State of South Africa, and aims to investigate acreage that was previously under the control of PETRONAS. The two companies will assess the petroleum potential and consider scenarios for acquiring all or portions of these assets.
This collaboration agreement marks a significant step for Wildcat Petroleum in its exploration endeavors. Teaming up with SFF not only strengthens Wildcat’s position in South Sudan but also leverages SFF’s experienced track record in securing petroleum deals in the region since the nation’s independence in 2013. The move follows PETRONAS’s withdrawal from the projects, allowing Wildcat an opportunity to explore new opportunities.
Original Source: www.proactiveinvestors.co.uk
