Home | News    Tuesday 31 July 2018

Sudan declines extension of oil contract with Canadian firms

separation
increase
decrease
separation
separation

July 30, 2018 (KHARTOUM) - The Canadian Stamper Oil & Gas Corp has failed to secure an extension to an agreement to operate Block 25 with the Sudan National Petroleum Corporation, Sudapet.

JPEG - 19.7 kb
Sudanese oil workers at one of GNPOC fields in South Kordofan (file photo Asawer oil company)

The tiny $16 million company, earlier this year, said the probable reserve of the Al-Rawat field is at around 182 million barrels with significant potential room to grow.

According to the MoU which initially was signed with State Oil Corporation, Stamper may farm-in up to a 50% interest of the Al-Rawat field.

The Oil Review Africa reported on Monday that the chairman of State Oil Corporation, Lutfur Rahman Khan, failed to secure an extension to the MoU with the state-owned oil company, Sudapet.

" As a result of these developments, the board of Stamper has notified State Oil Corporation that the MoU between Stamper and State has been terminated," further said the report.

Sources close to the file in Khartoum told Sudan Tribune that the Sudanese authorities realised that the Canadian oil firms, State Oil Corporation and Stamper which acquired the former, do not have the expertise or financial resources to carry out oil exploration and production works.

The deal with the small Canadian firm "has been a symbol of Sudan oil industry going astray. It also shows "how desperate" the Sudanese officials were, he added.

The fact that Sudan was under the U.S. economic embargo discouraged the big oil firms from working in the east African country.

(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.
  • 31 July 18:19, by Eastern

    With more FREE oil flowing in from the village boys, why not deny the nosey Canadians more business opportunities? The free oil from South Sudan is coming out of a poorly regulated operation manned by medieval era-like village boys who love good things but luck the business accuments....

    repondre message

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


Federalism does not deserve war in S. Sudan 2018-08-15 22:47:41 By Roger Alfred Yoron Modi Last week, the National Salvation Front (NAS) which a member of the South Sudan Opposition Alliance SSOA denied that it was party to the Agreement on Outstanding (...)

What next for Sudan after Bashir’s nomination for a third term? 2018-08-15 19:45:00 By Ahmed H Adam It seems Sudan's President Omar al-Bashir has no intention of leaving the presidency in the near future - and his insistence on holding on to power will likely have grave (...)

Collusion and harmful actions against South Sudan peace process 2018-08-14 00:07:55 By Roger Alfred Yoron Modi For a very long time now since the war in South Sudan erupted in 2013, there have been accusations that some South Sudanese political actors together with others in (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.