Wildcat Petroleum Secures Collaboration Agreement for South Sudan Exploration

Wildcat Petroleum has entered into a collaboration agreement with SFF for exploration in South Sudan. This partnership follows PETRONAS’s exit from the region and aims to evaluate petroleum potential in areas previously held by PETRONAS. Wildcat’s chair expresses confidence that the collaboration will enhance exploration opportunities in South Sudan.

Wildcat Petroleum, a London Stock Exchange-listed company, has announced a collaboration agreement to pursue exploration projects in South Sudan. Following PETRONAS’s decision to withdraw from its projects in August, Wildcat will partner with SFF, a firm owned by the State of South Africa. The collaboration intends to assess the petroleum potential of areas once held by PETRONAS and explore options for acquiring these assets.

Wildcat’s chair, Mandhir Singh, expressed optimism regarding this collaboration, stating, “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.” He emphasized that partnering with SFF could significantly enhance Wildcat’s opportunities, as SFF is among the few companies that have successfully established petroleum contracts in South Sudan since the nation’s independence in 2013.

In summary, Wildcat Petroleum’s collaboration with SFF marks a significant advancement in their exploration efforts in South Sudan. This partnership aims to capitalize on the petroleum potential of previously held assets by PETRONAS, following the latter’s exit from the region. The venture reinforces Wildcat’s strategic positioning and may lead to valuable exploration opportunities in a historically complex market.

Original Source: www.proactiveinvestors.co.uk