Home | News    Friday 25 November 2016

Sudan to fully own rich oil field in S. Kordofan

separation
increase
decrease
separation
separation

November 24, 2016 (KHARTOUM) - Sudan’s oil ministry on Thursday said that Sudan will fully own the rich oil field Block B2 located in the southern part of the country, as of November 29th, according to a new Production Sharing Agreement (PSA).

JPEG - 92.9 kb
Production platform in the Heglig oilfield (UNDP)

On Thursday, Sudan’s Minister of Oil and Gas, Mohamed Awad, said that oil industry in Sudan would step into a new era after November 29th, as the state oil firm Sudapet will be the sole owner of Block B2.

Block 2B is the most productive field in South Kordofan state near the brooders with South Sudan. The field is located 45 kilometers west of the contested Abyei area.

On Thursday, the Sudanese minister met separately with China Oil Company and India Oil Company officials to discuss the renewal of concession agreement.

The minister commended the important role played by the foreign partners to establish oil industry in Sudan and the introduction of modern technologies that enabled Sudan to have a well established infrastructure and qualified human cadres.

He pointed that the Sudanese oil workers are now well placed to lead the oil industry in the country.

Awad pointed that the past 20 years have enabled Sudan to be a regional pioneer in oil industry, saying that the PSA renewal would increasing Sudan’s shares and protect partners’ interests.

He said that there is a need to increase oil production and reduce its cost to cope with the declining oil prices.

Block B2 is a joint venture between the government of Sudan, Greater Nile Company that includes the Chinese CNBC, the Indian ONGC, the Malaysian Pertonas and Sudapet.

Earlier in October, the State Minister for Oil, Mahmoud Abdel-Rahman, said that the oil extracted from block B2 does not exceed 20% of the rich field reserve.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


National dialogue building nation 2017-05-22 21:10:41 By Amb. Dhano Obongo Initially, I congratulate and commend H.E the President of the Republic of South Sudan, Gen. Salva Kiir Mayardit, for recognising the need for a national dialogue among 64 (...)

The raging just revolution in Darfur will continue burning until victory 2017-05-22 21:04:22 By Mahmoud A. Suleiman Author Mahmoud Yusuf says that we live in a historical stage full of serious events that will affect the future of mankind on this planet, including what is related to (...)

South Sudan: How culture of revenge inhibits development and progress 2017-05-13 08:09:39 By Steve Paterno Admittedly, revenge or the act of it is inherently human in nature. The human beings since biblical times could not dissuade from the proverbial practice of an 'eye for an eye.' (...)


MORE






Latest Press Releases


HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)

Statement by South Sudanese Communist Party on the National Dialoguel 2017-03-22 05:44:42 The Communist Party of South Sudan On the Initiative of the National Dialogue The initiative taken by the President of the Republic of South Sudan declaring a need for a national dialogue is an (...)

An Appeal to President of the Republic of South Sudan 2017-03-15 07:22:45 Dear. Mr. President, I write to appeal to you for the release of political detainees now in the custody of the National Security Service at Jebel and other detention facilities. In doing this, I (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.