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Vice President of South Sudan highlights investment opportunities within country's oil industry

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Oilfield Technology,


The First President of the Republic of South Sudan, H.E. Taban Deng Gai, who has lead a South Sudanese delegation to the Saint Petersburg International Economic Forum, has talked about investment opportunities and the need for a stronger cooperation between Russia and South Sudan.

“With the resumption of peace and security, the government of the Republic of South Sudan has been especially active in attracting investment to the country. These efforts are proving successful: we have recently signed a second Exploration & Production Sharing Agreement for our biggest oil block last month, and are proud to have welcomed sizeable new entrants into our oil licenses over the past few years. We are proud to count Rosneft and other Russian energy companies as the partners of the rebuilding of South Sudan’s economy and oil industry,” he said.

Talking about the importance of South Sudan’s cooperation with Russia when it comes to energy and oil and gas, Taban Deng Gai highlighted the numerous investment opportunities offered to foreign investors within South Sudan’s oil industry. These include blocks B1, A1 to A6, E1 and E2, but also opportunities in pipeline infrastructure to the Indian Ocean, and in downstream infrastructure with the Safinat Refinery.

“Our energy relations with Russia go beyond that of investments,” he explained. “We welcomed Russia’s support and engagement in South Sudan across the value chain, including when it comes to sharing experiences on local content and developing capacity building programmes for our engineers.”

The Republic of South Sudan's national oil production has been steadily increasing to reach a current state of over 180 000 bpd. As efforts continue to develop the sector, pre-independence production levels of 350 000 bpd should be reached by 2020.

Read the article online at: https://www.oilfieldtechnology.com/special-reports/10062019/vice-president-of-south-sudan-highlights-investment-opportunities-within-countrys-oil-industry/

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