South Sudan’s petroleum minister on Tuesday announced energy plans seeking to improve the South Sudan oil sector industry on the reopening of the economic recovery after more than five years of conflict.
Daniel Awow Chuang, a South Sudanese oil minister, said that the government is planning to launch the country’s first oil and gas bidding round within the beginning of the year of 2020, but noted that the environmental audit will be done in November.
Mr. Awow said during third oil and power conference in Juba and he explained that the current data collection which is done by the ministry of petroleum provides a platform for investors to invest in the oil sector, adding that it will add more value to the country’s national resources.
Moreover, he added to his explanation that “we are going to launch an environmental audit and there are a lot of companies that are interested to invest in this area, this will be an opened tender,”In August, South Sudan made a new oil discovery in the Adar oil field in Block 3, containing more than 37 million barrels of recoverable oil.
The discovery was announced by the Dar Petroleum Operating Company, a consortium led by China National Petroleum Cooperation. Awow observed that the discovery will increase the appetite of international oil investors to enter the country’s oil and gas sector, noting that Block 5A, which is located in the Muglad-Sudd Rift Basin on the same geological trend as the Greater Nile Oil Project in Sudan will resumption early November.