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Thursday, September 26, 2019
Continuing on its bid to ramp up production and drive investment into its energy sector, South Sudan is set to launch its 2020 oil and gas licensing round at the AOP 2019 conference early next month in Cape Town, and, announce the tender for an environmental audit for the country’s producing oilfields at the third annual South Sudan Oil & Power conference organized by AOP.
On a path to transform its energy sector, South Sudan set a goal to double its oil production by 2020 – returning it to its pre-war production levels of 350 000 bpd. In achieving this, the country has already made significant progress in repairing wells damaged during the civil war and resumed production at key oil fields.
Last Month, the country’s Minister of Petroleum and Mining, Awow Daniel Chuang confirmed that South Sudan had made a new oil discovery at the Adar oilfield in Block B3 which is said to contain over 300 million barrels of recoverable oil.
“We are looking at over 300 million reserves with the hope of more discoveries because there are two more wells that are under review,” said the minister. Adding that the country is looking for new export opportunities.
In March this year, South Africa’s Strategic Fuel Fund signed an exploration and production sharing agreement (EPSA) for Block B2, following Pan-African explorer, Oranto Petroleum’s signing of a six year EPSA for Block B3 in 2017, speaking to the country’s continued efforts to bolster the growth of its energy sector.
Minister Awow Daniel Chuang will lead a delegation from the Ministry of Petroleum and Dar Petroleum Operating Company. The delegation will also hold meetings at a dedicated country pavilion at AOP 2019.
The licensing round is the first exploration licensing round since the country gained its independence in 2011.
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