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


Bashir’s congratulation for Trump remains double-edged sword 2017-02-21 08:47:41 By Mahmoud A. Suleiman This is a note to the readers of this article about my use of the phrase double-edged sword. It means that Omar al-Bashir’s Speedy congratulation offer to Donald Trump (...)

South Sudan: Why ’NO’ for peace and ’YES’ for war 2017-02-20 20:45:12 By Tor Madira Machier The region and the International community has been on a campaign in a bid to end the civil war in South Sudan right after its inception in December 2013, yet the very (...)

The Nile: A source of energy, food and water for all 2017-02-20 07:19:22 By Sam Cheptoris River Nile is a trans-boundary resource shared by 11 countries in the Nile Basin, each with different and, sometimes, conflicting interests. This scarce resource is a source of (...)


MORE






Latest Press Releases


Militias of Bashir’s Regime and the Proxy War (1) 2017-02-08 21:49:09 Sudan Democracy First Group Militias of Bashir’s Regime and the Proxy War (1) War in the Blue Nile: Militias in the hunt of refugees and displaced population Introduction Throughout its rule, (...)

More refugees flee to Uganda than across Mediterranean 2017-01-25 09:15:39 January 25, 2017 Uganda welcomed more refugees last year than the total number of refugees and migrants crossing the Mediterranean into Europe. “Europe should learn from the way Uganda and other (...)

Carter Center welcomes new regulations on humanitarian affairs 2017-01-12 07:53:16 The Carter Center ATLANTA, Januarg 11, 2017 – The Carter Center welcomes the recent regulations issued by the government of Sudan aimed at facilitating humanitarian relief throughout the country (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.