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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


“The Nile: Shared River, Collective Action” 2018-02-22 08:06:26 By Dr. Eng. Seleshi Bekele Ethiopia is hosting the 2018 Regional Nile Day Celebration in commemoration of the establishment of the Nile Basin Initiative (NBI) on February 22, 1999 in Dar es (...)

James Dak’s case:: Why death sentence should be canceled 2018-02-19 14:27:34 By Peter Gai Manyuon On Monday 12th of February 2018, a South Sudan court in Juba sentenced James Gatdet Dak to death by hanging, citing several provisions in the constitution as the basis upon (...)

The Position of the SPLM-N on Relief Delivery Same Wine, Old Bottles! 2018-02-18 06:50:42 By Elwathig Kameir On January 19, 2017, I published an article titled “Armed Struggle and Civil Resistance in Sudan: Catch 22,” from which I quote the following opening paragraphs (from i to iii): (...)


MORE






Latest Press Releases


Petition for release of Agou John Wuoi from prison 2018-02-15 20:45:31 Open letter to South Sudan President Salva Kiir Your Excellency, Kindly please permit me to take this rare opportunity to appreciate you for every effort you have made toward making South Sudan (...)

AUHIP Communiqué on Sudan & SPLM-N talks for cessation of hostilities agreement 2018-02-05 13:04:16 African Union High-Level Implementation Panel for Sudan and South Sudan Joint Statement on Unilateral Ceasefire, Cessation of Hostilities and Completion of Negotiations 1) With the facilitation (...)

South Sudanese rights group call to release political detainees 2017-12-10 07:50:31 THE INTERNATIONAL HUMAN RIGHTS DAY: 10 DECEMBER 2017: SSHURSA CALLS ON ALL TO ACTION FOR SOUTH SUDANESE The 10 December usually marks the international human rights day. SSHURSA notes with (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.