The Republic of South Sudan’s Ministry of Petroleum (MoP) has launched the country’s first oil licensing round.
The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial data to provide to interested investors, operators and counterparties.
According to the new analysis commissioned by the Ministry, about 90% of South Sudan’s oil and gas reserves remain unexplored, providing unprecedented opportunities to international investors.
The oil licensing round is aimed at attracting interest from a diverse group of foreign investors to a region that is already home to oil and gas majors from China and Malaysia.
The country is hoping to welcome back experienced partners and operators following significant progress in returning to peace and stability. With the new data, analysis and government mechanisms, the Ministry seeks to attract high-quality investors and partners.
This bidding round is for a number of selected blocks, which will be facilitated and evaluated based on set criteria by the MoP.
The available blocks are shown on the map and range between 4 000 km2 and 25 000 km2, with most comprising between 15 000 km2 and 20 000 km2.
Currently there are three consortiums operating producing blocks in South Sudan, with another four oil exploration companies having acquired production sharing contracts.
Potential investors are now able to request all relevant information from the MoP until August 23, by expressing their interest and providing contact details online at www.southsudanlicensinground.com.