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The two blocks, SL-08A and SL-08B, have been combined into one concession and are located between 120 km and 180 km (75 miles and 110 miles) southwest of the capital of Freetown and cover a combined area of about 5,500 sq km (2,100 sq miles), according to a news release. The new blocks have average water depths ranging approximately 1,500 m to 3,000 m (4,900 ft to 9,800 ft).
Under the award, Chevron (SL) Ltd. will be operator with a 55% interest, along with Noble Energy Inc. (30%) and Odye (SL) Ltd. (15%). This is before a Sierra Leone National Oil Co. optional back-in of 15% at final investment decision.