Wildcat has signed a Collaboration Agreement with The Strategic Fuel Fund Association (SFF), an organisation owned by the State of South Africa. The Agreement focuses on evaluating the petroleum assets in South Sudan previously held by PETRONAS.
Leveraging the expertise and contacts of both parties in the South Sudanese oil sector, Wildcat and SFF have agreed to work together to evaluate the petroleum assets previously held by PETRONAS and explore potential scenarios for acquiring all orparts of the assets.
This initiative builds on the Memorandum of Understanding (“MOU”) that Wildcat signed with Nilepet in September 2024. As previously disclosed, PETRONAS announced the withdrawal of its operations in South Sudan in August 2024, with Nilepet assuming responsibility for all assets and operations previously held by PETRONAS in South Sudan. Under the MOU with Nilepet, which was valid for six months, Wildcat engaged in productive discussions regarding various options for the acquisition of these assets. Although the MOU expired on 12 March 2025, both parties have agreed to let it lapse while continuing to engaged in productive conversations.
Wildcat remains committed to pursuing strategic opportunities in South Sudan and looks forward to working closely with SFF under this Agreement.
Terms of the Agreement
The Agreement was signed on 18 March 2025 with an expiry date of 5 August 2025; both parties have the right to terminate with five days’ notice.
“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. A tie-up with the SFF can onlyenhance Wildcat opportunities as the SFF is one of only a handful of companies that has successfully signed a petroleum deal in South Sudan since the country gained independence in 2013. They have a well-established technical team in Juba whichcan assist Wildcat in any technical work it needs to conduct.”
