Home | News    Thursday 6 September 2018

S. Sudan expects oil output of 350,000 bpd by mid-next year

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By Julius Uma

September 5, 2018 (JUBA/CAPETOWN) - South Sudan expects to reach peak oil output of 350,000 barrels per day (bpd) by mid-2019 as production ramps up at fields that were offline due to violence, the country’s petroleum minister, Ezekiel Lol Gatkouth said Thursday.

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South Sudan’s petroleum minister Ezekiel Gatkouth makes opening remarks at the Oil and Power conference in Juba, October 16, 2017 (APO)

South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd, prior to the outbreak of a bloody civil war two years later.

“We expect to reach the plateau again by the middle of next year,” Gatkuoth told reporters at an oil and power event in Cape Town, South Africa.

Last week, South Sudan announced it had resumed pumping 20,000 barrels per day of crude from the Toma South oilfield, where production had been suspended since mid-December 2013.

According to officials who visited the oil field last week, production at five previously suspended oilfields is expected to reach 80,000 bpd after maintenance work is completed by the end of the year.

South Sudan government, which stopped negotiations with France’s Total over the development of blocks B1 and B2, is expected to choose a new partner by the end of December, the minister told Reuters.

South Sudan got the lion’s share of the oil when it split from Sudan in July 2011, but it’s only export route is through Sudan, giving Khartoum leverage and leading to ongoing pricing disputes.

However, since its independence, South Sudan has relied on oil for all its incomes, a situation that has significantly compounded the ongoing political and economic instability due to fall in crude oil prices.

HUGE PROSPECTS

In July last year, Nigeria’s Oranto Petroleum Limited said it signed oil sharing agreement with South Sudan covering the country’s Block B3, earmarking up to $500 million to explore the oil in the region. In the first three years, Oranto said it would do airborne geophysical surveys in the 25,150-sq km block and assess existing data held by the government and former operators, among a series of other activities.

The 120,000-square kilometre Block B was reportedly split by the government into the B1, B2 and B3 blocks in 2012. In Block B3, Oranto will work alongside the B1 and B2 partners, which include Total.

South Sudan is an established, world-class petroleum-producing region, whose territory includes a large part of the Cretaceous rift basin system that has proved petroliferous in Chad, Niger and Sudan.

(ST)

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  • 6 September 09:13, by jur_likang_a_ likan’g

    It is now all about oil. They are preparing to steal South Sudanese valuable resource. They badly need the hard currency to purchase weapons with which the rule of terror is going to continually perpetuated. Nothing about agriculture, infrastructure.

    repondre message

    • 6 September 09:37, by South South

      The money will be used this time for agriculture and infrastructure, I don’t any reason to buy weapons while peace will kick in soon. Let’s celebrate big news for our country, oil and peace.

      repondre message

      • 6 September 11:16, by Eastern

        South South,

        Bwahahahahaha....! What has changed this time round? Bashir can even up the oil output above the projected 350,000 bpd so as to be able to rake in more more from the transit fees. Dinka don’t do much farming and what’s the use of infrastructures in cattle kingdom anyway......

        repondre message

        • 6 September 12:18, by South South

          Eastern,

          Everything changes this time. Bashir will get only $3 per barrel for transit fee, not like the bad deal Pagan signed when Bashir got more $50 per barrel. Dinkas are farmers and the all world knows that, not like you, you sit and eat fatty free food in Canada and when you are full you start lying.

          repondre message

  • 6 September 10:17, by Nairobimitot

    Jur Likang

    You cannot have economic development if you could not have the security. The country needs an active military to protect itself from aggression. If you have Safety first, then the people could be able to farm, and the government could inject more seeds into the country developmental plan.

    repondre message

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