- The South Sudanese government has launched a tender for petroleum and natural gas exploration.
- The tender covers 5 blocks ranging between 4,000 and 25,000 km2.
In a statement, the country’s Ministry of Petroleum (MoP) said that this exercise is aimed at attracting the interest of a diverse group of foreign investors in a region that is already home to major oil and gas companies. “The country hopes to welcome again experienced partners and operators after the significant progress made in the return to peace and stability,” read the statement.
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.
This 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 after a prolonged civil war. With the new data, analysis, and government mechanisms, the Ministry seeks to attract high-quality investors and partners.
The available blocks range between 4,000 and 25,000km2, with most comprising between 15,000 and 20,000 km2.
Link to tender document HERE
Author: Bryan Groenendaal