Press

South Sudan Resumes Oil Production, Seeks Investors


  • Two out of three of South Sudan's operating companies are now producing oil.
  • The country seeks new investors and international service companies to fuel new growth.
  • South Sudan Oil & Power 2018 will highlight opportunities in November in Juba.

Juba, South Sudan, Oct. 22 — South Sudan Oil & Power 2018 is returning to Juba on Nov. 21-22, and is focused on attracting international investors and service companies into the country's newly revamped oil industry.

The theme for the conference — Embracing the Private Sector — follows the successful resumption of oil production by the Greater Pioneer Operating Company this year and the introduction of new international companies into the market, including Russia-based JSC Zarubezhneft. The Russian company is set to begin exploring the country's open acreage and opportunities in trading after signing a memorandum of understanding with the Ministry of Petroleum this month. Earlier this year operating consortia investors CNPC and Petronas affirmed their commitment to improving and increasing oil production in South Sudan after re-signing their production agreements with the government. Nigeria-based Oranto Petroleum began exploring for oil and gas in Block B3 in November 2017. With a new peace deal signed and in implementation, the government and existing investors in Juba are optimistic about prospects for energy sector growth.

“South Sudan is dedicated to expanding oil and gas operations to strengthen the economy, as well as pursue economic diversification through new infrastructure and power projects,” said Hon. Ezekiel Lol Gatkuoth, Minister of Petroleum, South Sudan. “With two out of three of South Sudan's operating companies producing again, it is imperative that new international service companies and providers enter the market to meet the demand for services. We are going to have an aggressive push and incentivize exploration activities with new blocks. South Sudan Oil & Power 2018 will be the venue for these deals to move forward.”

Following a successful event in 2017 — the country's first dedicated energy and infrastructure conference — the two-day SSOP conference this year will include panel discussions on oilfield development; building the nation through energy infrastructure; and public private partnerships and initiatives; as well as a reception and gala dinner, presentations and workshops.

The 2018 conference will feature ministerial delegations from Sudan and Equatorial Guinea, and is held under the auspices of H.E. Salva Kiir Mayardit, President of South Sudan.

Keynote speakers will include H.E. Salva Kiir Mayardit, President, South Sudan; Hon. Taban Deng Gai, First Vice President, South Sudan; Hon. James Wani Igga, Vice President, South Sudan; Hon. Ezekiel Lol Gatkuoth, Minister of Petroleum, South Sudan; H.E. Azhari Abdallah, Minister of Petroleum and Gas, Sudan and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Equatorial Guinea.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://africaoilandpower.com/2018/10/22/south-sud...

South SudanSudanEquatorial GuineaSouth Sudan Oil & PowerRussiaZarubezhneftoil production

More items from aydanur


Africa Oil & Power launches Renewables, African LNG and Energy Finance Events at AOP 2020

Africa Oil & Power 2020 highlights African integration across borders throughout the entire energy value chain. AOP 2020 welcomes presidents, ministers, national oil company and utility heads, IPP and renewables executives and more for the fifth edition of Africa's Energy Conference. This year's ...

Aydanur Akkurt - Africa Oil & Power


Posted 3 days agoPress > Africa Oil & Powercape townInvest Without Boundaries +8

AFRICA OIL & POWER 2020

Africa's Energy Event returns for its fifth anniversary as a crucial platform for promoting investment in the energy industries of African countries. In 2020, we expand our format to welcome more countries, pavilions, strategic partners and delegates.

Aydanur Akkurt - Africa Oil & Power


Cape Town   WC   ZA 15 Sep 2020


Posted 3 days agoEvent > cape townAfrica Oil & PowerOil +9

ANGOLA OIL & GAS 2020

The Angola Oil & Gas Conference & Exhibition will return for a second year as the focal point of an international investment drive, aiming to bring new deals to the table and sign up new entrants in oil and gas. Surrounding the conference will be a year long global drive in multiple cities to presen ...

Aydanur Akkurt - Africa Oil & Power


Luanda   Luanda Province   AO 16 Jun 2020


Posted 3 days agoEvent > AngolaOilgas +4

SENEGAL OIL & POWER 2020

Supported by the Government of Senegal, Cos-Petrogaz, Petrosen and Senelec, the conference will herald a new era of investment in one of West Africa's leading business destinations, on the back of worldclass offshore oil and gas discoveries and several dynamic energy projects that have been put in m ...

Aydanur Akkurt - Africa Oil & Power


Dakar   Dakar Region   SN 27 May 2020


Posted 3 days agoEvent > SenegalAfrica Oil & PowerCOS-Petrogaz +5

AFRICA OIL & INVESTMENT FORUM 2020

This is the launch event for the Equatorial Guinea 2020 Year of Investment campaign, whose goals are to attract investment into key industries in Equatorial Guinea, boost entrepreneurship, generate profit for investors and create jobs. Organized in partnership with the Ministry of Mines and Hydrocar ...

Aydanur Akkurt - Africa Oil & Power


Malabo   Bioko Norte   GQ 01 Apr 2020


Posted 4 days agoEvent > Equatorial GuineaYear of InvestmentAfrican Energy Chamber +4
All posts from aydanur