ODYE, an oil and gas company focused on West Africa, has been awarded participation in two offshore exploration blocks by the Sierra Leone Government.
The blocks, SL 8A-10 and SL 8B-10, are spread across an area of 2,584 square kilometres and 3,020 square kilometres respectively.
Patrizia Ferrarese, ODYE spokesperson, said the company is looking forward to working with the other participants in the provisionally awarded blocks, Chevron Sahara and Noble Energy, to develop the assets for the benefit of all stakeholders.
"ODYE reiterates its commitment to sustainable development and the preservation of the environment in its exploration and operational efforts," said Ferrarese.
"In addition, ODYE has pledged to catalyze growth and create more employment opportunities in Sierra Leone's agricultural sector."
High porosity sands, channelised sand sequences and early-to-late cretaceous oil prone marine source rocks, primarily shale, sand and shale basin floor fans, are present in the exploration blocks.
The exploration blocks were provisionally awarded and subject to negotiations by the Petroleum Directorate of Sierra Leone for its third bid round for nine open offshore exploration blocks. Bidding closed on 30 March 2012.