Petroleum Africa
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Wednesday, November 17, 2021
Wildcat Petroleum plc, a company targeting investment opportunities in businesses and assets within the upstream sector of the petroleum industry, announced that it has appointed Simco Petroleum (Management) Ltd as consultants. The company has commissioned SIMCO to produce a report on oil and gas licenses it has previously studied, especially in Africa, which meet the company’s investment criteria. This report is expected to be available in early 2022.
Additionally, SIMCO will immediately assist WCAT in the evaluation of existing opportunities in South Sudan where it has recent experience of license management. SIMCO has built up an extensive geological and commercial knowledge of the country, which will be of great advantage to WCAT. SIMCO’s technical team will work with the WCAT team in order to evaluate the various blocks on offer in the current South Sudanese license round.
Mandhir Singh, Chairman of Wildcat, commented: “Following the recent appointment of Christopher Matchette-Downes as Geological Advisor, we are delighted to be working with SIMCO to advance our oil strategy. With their decades of experience in the African up-stream oil sector, their extensive network across the continent and their practical experience in license application and government negotiations, they will be able to make a significant contribution towards helping Wildcat secure an oil asset.”
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