South Sudan is seeking to attract new investment to increase oil production and optimize oil infrastructure. The country aims to raise its crude oil production from about 174,000 barrels per day to 230,000 barrels per day in the near future.
Exploration and Development Opportunities
With 14 exploration blocks, South Sudan is looking to attract the attention of new operators and technical partners for undeveloped blocks. The country is also working to improve the efficiency of its old fields. It is estimated that the country's proven oil reserves are about 3.5 billion barrels.
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Activities of Regional National Oil Companies
Regional national oil companies are currently active in the country. South African National Oil Company (SANPC), through its subsidiary, Strategic Fuel Fund, holds 90 percent of Block B2 alongside South Sudan National Oil Company, Nile Petroleum Corp. (Nilepet). The company is preparing to conduct further exploratory work in this block, including a 2D seismic campaign.
Nilepet is seeking investment partners for a 350-kilometer (217-mile) crude oil pipeline that will connect the Tharjiath oil fields in Block 5A to the Paloch oil fields in Blocks 3 and 7. Additionally, the company is looking to attract investment for the development of refineries and to enhance fuel storage, distribution, and LPG infrastructure.
The Role of African Banks in Financing
The African Energy Bank, officially established on October 31 by the African Petroleum Producers Organization and Afreximbank, with a capital of $5 billion, is expected to finance regional infrastructure projects including pipelines and refineries starting in 2027. So far, no financing for South Sudan has been announced. Afreximbank also has a financial partnership with the South Sudanese Banking Corporation, which can support the import of equipment through letters of credit and bank guarantees.
Investment opportunities in South Sudan will be discussed at the South Sudan Oil and Energy Conference (SSOP) taking place on November 24 and 25 in Juba.
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