South Sudan To Unveil Seven Oil Blocks For Next Licencing In October, Official Says

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South Sudan will unveil next month seven oil blocks that will be offered in the next licencing round, according to the state-owned Nile Petroleum Corp.

The concessions will be introduced at an oil and power conference in Cape Town, South Africa, on Oct. 8-10, according to Jacob Dut Chol, director for planning and projects at the company known as Nilepet. He didn’t give details about the location of the blocks and when offers will be made.

Additionally, Nilepet is exploring the possibility of owning the exploration block known as DC by 2022. It’s already in talks with the Ministry of Petroleum to raise the financing for the program, Chol said at a conference in the Ugandan capital, Kampala. The company is already in partnership with others for several oil blocks in the country.

South Sudan also plans five refineries by 2022 with capacity of as much as 150,000 barrels per day, Chol said.

Source: Bloomberg

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