Oil production in Southern Sudan is expected to reach 350,000 barrels per day by mid-2020. This is the goal displayed by the oil minister, Ezekiel Lol Gatkouth, who links these forecasts to the return of peace.
South Sudan seceded from Sudan in 2011 when production peaked at 350,000 b / d before the outbreak of a bloody civil war two years later.
The Toma South oilfield, currently at 20,000 barrels a day, is expected to become more intense in the coming months. The production that had been suspended since mid-December 2013 is at the center of major development issues in this poor country suffering recurrent inter-ethnic violence.
In July, Oranto Petroleum Limited of Nigeria announced that it has signed an oil-sharing agreement with South Sudan, covering the country’s B3 block and $ 500 million to explore the region’s oil.
A South African government fund has pledged $ 1 billion for oil exploration and construction of a refinery. For its part, Petroliam Nasional Bhd of Malaysia pledged to invest an additional $ 300 million in its activities.
