South Sudan's Ministry of Petroleum launches first oil licensing round

The MoP has identified new exploration blocks with potential hydrocarbons and has compiled data to provide to interested investors, operators and counterparties. According to the new analysis commissioned by the Ministry, approximately 90% of South Sudan’s oil and gas reserves remain unexplored.

The Oil Licensing Round aims to attract interest from a diverse group of foreign investors to a region that is already home to oil and gas majors from China and Malaysia, including China National Petroleum Corp. and Petronas. 

This bidding round is for a number of selected blocks, which will be facilitated and evaluated based on set criteria by the MoP.

The available blocks range between 4000 and 25 000 km², with most comprising between 15 000 and 20 000 km².

Currently, there are three consortiums operating producing blocks in South Sudan, with another four oil exploration companies having acquired production sharing contracts.

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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23062021/south-sudans-ministry-of-petroleum-launches-first-oil-licensing-round/