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This year, South Sudan will experience its most important
E&P event since independence in 2011: the first Licensing Round
with 14 blocks on offer. Round 1 (of three), will open in the early
part of 2022. The initial five blocks on offer are unexplored, but
available geological data suggest that a fair petroleum system
might exist in the Late Cretaceous formations. The blocks are
located in the southern extension of the Muglad Basin, which
currently produces approximately 100,000 bo/d.
Consulting firm Petro-Tec has a directive by the Ministry of
Petroleum to promote the 2022 Licensing Round. In this IHS Markit
video session, its Managing Director, Omar Abu-Elbashar, gives us
an overview of the first five blocks offered.
Expanded #oil investment, for example in UK, in response to Russia's invasion of Ukraine has worsened the outlook f… https://t.co/tB2AULQULv
May 12
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