Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » South Sudan to offer oil blocks for licensing by Q1 2020

    South Sudan to offer oil blocks for licensing by Q1 2020

    October 29, 2019
    Share
    Facebook Twitter LinkedIn WhatsApp
    South Sudan to offer oil blocks for licensing by Q1 2020
    *Prince Arthur Eze, founder and chairman, Oranto Petroleum.

    Juba — South Sudan plans to offer 14 oil blocks to exploration companies in a licensing round by the first quarter 2020, its oil minister said on Tuesday, switching from its previous method of direct negotiations with explorers.

    The country gets almost all its revenue from oil and has boosted output, now at 180,000 barrels per day, as it struggles to rebuild its shattered economy after a five-year civil war.

    “We are inviting all our investors that wanted to invest in South Sudan to come and move onto those blocks,” Awow Daniel Chuang, told an Africa Oil and Power conference.

    “We are opening up the licensing rounds for everyone on a competitive basis and this is will help us to get the right partners, investors that can be easily verified because we don’t want to continue to have direct negotiations.”

    The government says South Sudan’s oil at present comes from blocks 3,7 and blocks 1, 2 and 4.

    Chuang said the blocks to be offered for licensing will be blocks A1 to A6 and at present data was being collected on them.

    “Within the next two months, we should be able to complete the work … By the first quarter of 2020, we will be having our first licensing round,” he said.

    Also Read: Saudi Aramco aims to begin planned IPO on Nov. 3

    There has been an pickup in foreign investment through oil and gas exploration companies including Oranto Petroleum, which signed a six-year exploration and production sharing agreement for block B3 in 2017.

    In May, South Sudan and South Africa also signed an exploration and production sharing agreement for Block B2.

    Kindly like us on facebook

    Reuters

    Related News

    Crude oil rebound reflects optimism over the U.S.-China dialogue

    Stakeholders hail PINL’s achievements in protecting TNP

    Dangote, NNPCL boss pledge collaboration to boost energy security

    E-book
    Resilience Exhibition

    Latest News

    Nigeria advocates for global financial reform at 2025 UN Meetings

    May 9, 2025

    China pushes ahead in battery technology race

    May 9, 2025

    Gold rose amid geopolitical risks, investors await trade developments

    May 9, 2025

    Despite NPA’s intervention, export cargoes still stuck at EPTs for days

    May 9, 2025

    Nigeria recommits to fostering enabling environment for inclusive prosperity

    May 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.