South Africa may find partners for Block B2 in South Sudan

Connect with us:

South Sudan’s Minister of Petroleum, Hon. Amb. Ezekiel Lol Gatkuoth, says that South Africa’s Strategic Fuel Fund (SFF) has ‘room to farm in’ a partner in carrying out activities in Block B2.
The recently signed $1 billion exploration and production sharing agreement will see the SFF conduct exploration activities in the block and build a 60, 000 barrel per day oil refinery and pipeline in the Central African country.
The Minister told Bloomberg that the South Sudanese government has the right to approve any partners, with the transaction being subject to capital gains tax.
In approving any partnership, the government will consider the role the relationship will play in boosting production as the country works to restore its output to pre-war levels.
Under the agreement, the SFF will own and operate Block B2 alongside South Sudan’ s national oil company, Nile Petroleum Corp.

Other Reads

Other Reads

Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

More from the Author

Sign up for latest news and event info

Copyright © 2022 Energy Capital & Power. Privacy Policy · Terms of Use