South Sudan has launched the country’s first oil licensing round offering five onshore blocks.
South Sudan has launched the country’s first oil licensing round offering five onshore blocks.
According to the analysis commissioned by the Ministry of Petroleum, approx. 90% of South Sudan’s oil and gas reserves remain unexplored.
Sudan said that it is hoping to attract interest from a ‘diverse’ group of foreign investors after ‘significant progress’ in returning to peace and stability.
The available blocks range between 4000 and 25,000 km2, with most comprising between 15,000 and 20,000 km2.
Currently there are three consortia operating producing blocks in South Sudan, with another four oil exploration companies having acquired production sharing contracts. Oil and gas majors from China and Malaysia are active there.
A consortium of DAR, CNPC, Petronas and Nile Petroleum operate blocks 3 and 7. Greater Pioneer, CNPC, Petronas and Nile Petroleum operate blocks 1, 2 and 4; and Sudd, Petronas and Nile operate block 5A.
Oranto and Nile have recently been awarded block B3, Ascom and Nile have won block 5B and Strategic Fuel Fund and Nile have won block B2.
Bidders have until 23 August 2021 to request information from the Ministry of Petroleum.
The Lewis Hill 3D volume is positioned in the highly prospective Orphan Basin, with recent discoveries in the Flemish Pass and connecting further south to the productive Jeanne D’Arc Basin. ‘
Fully processed stacks are expected to be delivered by Q3 2022.
