In view of recent decline, South Sudan plans to offer 14 new oil blocks

In the wake of a recent decline from 170,000 barrels a day to now 165,000 BPD, South Sudan has said that it is planning to offer 14 new oil blocks for exploration during the upcoming licensing round to shore up the oil production.

It must be noted that the oil production had dropped from 130,000 barrels a day to the current 115,000 BPD in Dar block operated by Dar Petroleum Operating Company, a consortium of several firms, said, Awow Daniel Chuang, Minister of Petroleum on October 6.

“The challenge that we are facing in oil production is actually related to geological challenges because of the oil fields, we are producing more water than oil. We want to go the technical way to get the right technologies that we can deploy for us to track more oil,” he added.

Photo Credit : https://commons.wikimedia.org/wiki/File:South_Sudan_adm_location_map.svg

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