
Monday, December 29, 2014
CNPC entered into an agreement with South Sudan to boost production on existing oilfields according to a report in China Petroleum News, a CNPC-run paper.
South Sudan’s output has dropped due to conflict and aging fields. Fighting between rebels and the government has damaged some of the country’s oil fields also.
The China Petroleum News article said that CNPC’s engineering and services team will work with oil producers in South Sudan and also conduct training on technologies to enhance oil recovery (EOR). The African nation’s main investors in the oil sector are out of India and Asia; they include CNPC of China, Malaysia’s state-run Petronas, and India’s ONGC.