Economy
South Sudan Targets 230,000 bpd Oil Production with New Investment Push South
World Oil · 27 minutes ago · Read the Full Story on World Oil
AI SUMMARY
South Sudan is seeking foreign investment and technical partnerships to boost its daily oil production, expand exploration blocks, and upgrade petroleum infrastructure.
- South Sudan plans to increase crude oil production from approximately 174,000 barrels per day to 230,000 barrels per day in the near term.
- The country holds an estimated 3.5 billion barrels of proven oil reserves and has 14 exploration blocks currently available.
- The South African National Petroleum Co. holds a 90% interest in Block B2 alongside Nile Petroleum Corp. and is preparing a 2D seismic campaign.
- Nile Petroleum Corp. is seeking partners for a proposed 350-kilometer crude pipeline connecting the Tharjiath and Paloch oil fields.
- The Africa Energy Bank, established with $5 billion in authorized capital, is expected to begin financing regional infrastructure projects in 2027.
- South Sudan's investment opportunities will be discussed at the South Sudan Oil & Power conference in Juba on November 24-25.
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