South Sudan Launches First Oil Licensing Round
The Ministry of Petroleum (MoP) of South Sudan announced the launch of the first oil licensing round.
South Sudan | Egypt Oil & Gas
The Ministry of Petroleum (MoP) of South Sudan announced the launch of the first oil licensing round.
Bol Ring Mourwel, Managing Director of state-owned Nile Petroleum Corporation, said that his company plans to increase oil production in Block 5A in Unity state to between 40,000 to 50,000 barrels per day (b/d)
Sudan and South Sudan have come up with a draft deal to develop oil cooperation, including resuming production from key oil fields.
South Sudan aims to put 14 oil blocks to be explored by companies in a bid round in Q1 2020.
Foreign direct investments (FDI) in South Sudan increased to reach around $1 billion, compared with $250 million in fiscal year (FY) 2016/17.