South Sudan is putting up 14 oil blocks for sale in a bid to increase production to pre-war levels of 350,000 barrels a day.
Chol Deng Thon Abel, the Managing Director of state-owned oil consortium, the Nile Petroleum Corporation Limited (Nilepet), told journalists in the capital Juba on Wednesday that interest in its nascent petroleum industry has been growing.
Much of South Sudan’s oil and gas blocks are yet to be fully explored and resources assessed, stalled by conflict.
“We have 14 oil blocks that have not been taken, and we invite international companies that are here to seize the opportunity to apply for these blocks. South Sudan is actually very busy nowadays attracting international companies to come and invest in the oil industry, and this conference is a very good platform to exchange ideas with international companies,” Mr Abel said at the end of the 5th annual oil and power forum.
The Ethiopian Herald September 17/2022
