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.
Read the latest issue of Oilfield Technology in full for free: Issue 2 2021
Oilfield Technology’s second issue of 2021 starts with a report from KPMG that examines the outlook for the Scottish oil and gas sector. The rest of the issue is dedicated to articles covering the offshore supply chain industry, offshore asset integrity, expandable liner technology, advances in drilling, data security, flow control, EOR and methane emissions.
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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/