Wildcat Petroleum has entered a collaboration agreement with SFF to explore oil in South Sudan, focusing on previously held PETRONAS assets. The partnership aims to assess petroleum potential and enhance opportunities following PETRONAS’s withdrawal.

Wildcat Petroleum has recently announced a collaboration agreement aimed at exploring oil opportunities in South Sudan. The company will partner with SFF, a subsidiary of the South African government, to evaluate exploration acreage previously managed by PETRONAS, which withdrew from the projects last August. The agreement primarily focuses on assessing the petroleum potential and exploring scenarios for acquiring all or part of the assets in question. Mandhir Singh, the chair of Wildcat, highlighted the significance of this arrangement, stating that collaboration with SFF enhances their growth opportunities in the region. This partnership is noteworthy as SFF is one of the few entities to have secured a petroleum deal in South Sudan since its independence in 2013.

The partnership between Wildcat Petroleum and SFF signifies a strategic move to enhance exploration efforts in South Sudan, particularly following the exit of PETRONAS. This collaboration is expected to open new avenues for Wildcat, potentially leading to significant opportunities in an area with considerable petroleum potential. The involvement of SFF, noted for its successful negotiations in South Sudan, further strengthens Wildcat’s position in the exploration landscape.

Original Source: www.proactiveinvestors.co.uk