The Ministry of Petroleum (MoP) of the Republic of South Sudan, has announced the launch of the country’s first Oil Licensing Round. 

 

The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial 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, providing unprecedented opportunities to international investors.

 

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. 

 

The country is hoping to welcome back experienced partners and operators following significant progress in returning to peace and stability. With the new data, analysis, and government mechanisms, the Ministry seeks to attract high-quality investors and partners.

 

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 are shown on the map and range between 4,000 and 25,000 sq km, with most comprising between 15,000 and 20,000 sq km.

 

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

 

Once the expression of interest process is concluded, the Ministry of Petroleum will host a virtual series of data presentations, followed by an international roadshow.

 

After years of instability and conflict, lasting peace is finally gaining a foothold in the country following the establishment of the Transitional Government of National Unity (TGNU) in February 2020, and the follow-up agreement over governance of the country’s states. 

 

South Sudan is now firmly back on a positive developmental path and is expected to continue as one of Africa’s fastest-growing countries in the foreseeable future. -- TradeArabia News Service