Home | News    Tuesday 13 November 2012

Sudan contains 762 million barrel in oil reserves: official

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November 12, 2012 (KHARTOUM) – The Sudanese oil minister Awad al-Jaz said today that the country has 762 million barrels of oil reserves as of 2012 and disclosed that his ministry is seeking to boost gas reserves as well.

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Sudanese repair crew work at the Heglig oil facility, after Sudan started pumping oil again from the war-damaged oil field on May 2, 2012, (Getty)

Addressing the States Council al-Jaz said that 40% of Sudan’s lands has been awarded to foreign oil companies for exploration efforts. He pointed out that there are "extensive" procedures for oil exploration all throughout the country.

The oil minister added that there are 10 blocs that will soon be up for bidding after gathering the necessary information needed to make it public.

Sudan has been scrambling to make up for the loss of oil that resulted from the secession of South Sudan which contained 75% of the country’s oil reserves.

The East African nation currently produces around 120,000 bpd and hopes to double it in the next few years despite reports saying that fields have reached their maximum capacity.

"[O]wing to waning mature fields (higher quality Nile blend) and other technical production problems, 2012 production is expected to sharply decline by 60 percent to 117 to 120 thousand barrels per day (bpd)," said a report by the International Monetary Fund (IMF) this month.

"Enhanced recovery in existing fields and further exploration will likely help production to increase again starting in 2013, with a peak expected in 2020 at near 240 thousand bpd, before a gradual decline to about 144 thousand bpd begins in 2030".

Al-Jaz said that that his ministry has embarked on building warehouses on the Red Sea to store crude oil and is also looking to grant a French company an exploration license for two blocs (13 & 19) in the Red Sea.

He expressed hope that Sudan’s gas reserves could reach 1.5 billion cubic feet and said that studies are underway to repair and develop oil refineries in Al-Obayid in North Kordofan and Port Sudan in Red Sea State.

(ST)

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  • 13 November 2012 08:01, by Akol Liai Mager

    There is no doubt that Awad Diesel (Jaz) is not wiser than Northern Sudanese in order to sell his empty goods to them so that his criminal Party cling onto power for 1-2 more years.

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    • 13 November 2012 08:16, by South South

      Lie, lie and lie. There is no oil in Sudan. Awad Jaz is a thief of oil, all world knows that. people of South Sudan need to watch this kind of statement from NCP leaders because it could be a plan to steal South Sudan oil. people who pray 5 times a day and then turn by the end of the day and steal in name of Allah. Penguins thives.

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      • 13 November 2012 09:12, by Hardball

        If Sudanese had that much stolen oil underground from South Sudan; I don’t think they would be that desperate last week begging Iraqis for $ 10 million dollars. If Sudan had 762 million barrels of oil as of 2012 as stated on the article; then Sudan had been producing 13, 854, 545 barrels of oil daily from January to November which sound logically impossible.

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      • 14 November 2012 09:24, by okucu pa lotinokwan

        This is a sign of stealing our oil,by Khartoum govt,first checking on this should shart by now,where the connection of Heglig pipe line come from?,Is now a big question to our govt in Juba.All this should be check properly first before start pumping the Unity State Oil to Port Sudan.
        OKUCU PA LOTINOKWAN

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  • 13 November 2012 08:18, by Gabriel KK

    That stolen oil will vanish and you will soon go back to level zero.

    repondre message

  • 13 November 2012 08:32, by wang

    Well sum up Gabriel KK, it’s just a matter of time, these thieves will gone back to zero level soon

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  • 13 November 2012 08:45, by Bol Pur

    You guys are telling truth, in fact Awad al Jaz was the one who spearhead the diversion of South Sudan oil. They have store it and cheat the World today they have reserve. Another thing these guys are great thieves they wanted to pull South Sudan oil underground. As you said it will finish and they will go back to zero or their normal curse.

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  • 14 November 2012 00:38, by Mwalimu Kuol

    "Sudan contains 762 million barrels in oil reserves" this is pure lie and exaggeration people. These people have gone back to their old strategy of stealing our oil again. We need to stop exporting our oil through north now or else they will steal more. Mark my words folks! Exporting our oil through sudan is the poor decission ever! How can we trust them when they lack intergrity?

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  • 14 November 2012 09:37, by eye-of-an-eye

    Sudan has planed to steal South Sudan oil immediately after resuming its production, I accused some of our officials on getting involve in such planed and it is too late to catches up with these thieves, there are secret joined pipes in side Khartoum that will divert our oil to Sudan oil. the studied of our pipe line were very poor and corrupt. the truth I see.

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