South Sudanese Petroleum Minister Puot Kang Chol announced on Tuesday, December 22 that his country has taken initiatives to optimize the country’s oil exploitation.
According to the Turkish news site Anadolu Agency , the idea is to create a training center specializing in the field, and to launch a database center. The latter will allow Juba to host its oil and mining data hitherto held by Sudan.
The creation of the specialized training center is scheduled for 2021. It aims to develop the skills of South Sudanese, in order to reduce the influence of (, including China, Russia, South Africa, and Nig in crewel9) ria. , in the process of oil exploitation.
The country’s proven oil reserves are estimated at 3.5 billion barrels, of which only 30% are in areas already explored.
The South Sudanese economy is largely dependent on oil. Production fell from 170,000 barrels to 165,000 barrels per day (bpd) due in particular to the plunge in crude prices in 2020. The authorities plan to increase this production to 300,000 bpd over the next two years, ie the pre-war production.
Source: Agence Ecofin