{"id":7674,"date":"2019-05-07T05:15:08","date_gmt":"2019-05-07T05:15:08","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=7674"},"modified":"2019-05-07T05:15:19","modified_gmt":"2019-05-07T05:15:19","slug":"south-africas-state-owned-oil-company-signs-deal-to-explore-highly-prospective-oil-block-b2-in-south-sudan","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/south-africas-state-owned-oil-company-signs-deal-to-explore-highly-prospective-oil-block-b2-in-south-sudan\/","title":{"rendered":"South Africa\u2019s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">South Africa\u2019s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to <a href=\"https:\/\/bit.ly\/2DUIRCD\">invest<\/a> $1billion into South Sudan\u2019s energy infrastructure; South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country explored.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">South Africa today signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The deal \u2013 which is strategic for South Africa as an energy consumer \u2013 will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet &#8211;&nbsp; the national oil company of the Republic of South Sudan. This is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country\u2019s oil industry as production resumes at existing oilfields and new exploration begins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">South Sudan is an established, world-class petroleum producing region, whose territory includes a large part of the Cretaceous rift basin system that has proved petroliferous in Chad and Niger as well as Sudan. It currently produces 160,000 bopd, and aims to increase production capacity to 270,000 bopd by the end of the year. The country has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country explored to date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under this new EPSA which includes a six-year exploration period, the SFF alongside Nilepet, will launch a comprehensive aero gravity survey exploration campaign, seismic acquisition and drilling wells with great prospectivity. The SFF will also invest in capacity building initiatives, training of South Sudanese citizens, investing in social and community development projects and ensuring local content and women empowerment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe petroleum resources of Block B2 are vast. For South Sudan to reach its target of bringing back production levels of around 350,000 barrels of oil per day (bopd) and beyond, we need committed new entrants like the SFF,\u201d said the Minister of Petroleum Hon.&nbsp; Amb. Ezekiel Lol Gatkuoth. \u201cSouth Sudan has great potential, yet our country remains vastly under-explored, and we believe the entry of new players like the SFF will lead to new world-class discoveries very soon given the aggressive exploration program and great petroleum viability of Block B3. This will support South Sudan\u2019s economic revival and improve trade with other African countries.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are bullish about this strategic and unique opportunity into Block B2 with great petroleum potential. It provides South Africa with a chance to further strengthen its energy security while entering one of the top three most lucrative onshore oil and gas markets in Africa,\u201d said Hon. Jeff Radebe, South African Energy Minister. \u201cSouth Africa has supported peace and economic development in South Sudan since the country\u2019s independence and this is the continuation of long-term cooperation between both our countries and people. Investment is key to guaranteeing the economic progress of South Sudan\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Last year, South Africa\u2019s Department of Energy pledged to invest $1 billion into South Sudan\u2019s petroleum industry, with the aim of securing affordable energy supplies for South Africa. The countries are now in talks to set up a 60,000 barrel per day refinery to supply oil products to the local market in South Sudan, as well as to secure exports to Ethiopia and other neighboring countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSFF is looking forward to working with our partners in South Sudan to make discoveries on this block. We believe there are highly significant quantities of oil in Block B2. Our work program and acquisition of new seismic will reveal better information on various structures. We look forward to a few wildcats and appraisal wells in the near future. We are thankful to the Government of South Sudan for this opportunity,\u201d stated Godfrey Moagi, acting CEO of SFF.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The B2 area includes productive parts of the Muglad Basin and is part of the 120,000km<sup>2<\/sup>&nbsp;Block B which was split into three in 2012. There has been much interest in South Sudan\u2019s Block B acreages since the entry of Oranto Petroleum to Block B3 in 2017.&nbsp; Much of South Sudan\u2019s oil and gas blocks are yet to be fully explored and resources assessed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The CEF group is responsible for discovering solutions that will meet South Africa\u2019s energy needs. Through its subsidiaries, the Petroleum Oil and Gas Corporation of South Africa (PetroSA), Petroleum Agency South Africa (PASA), Strategic Fuel Fund (SFF), African Exploration Mining and Finance Corporation (AEMFC) and iGas, the group also manages the operations and development of the country&#8217;s oil and gas assets.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa\u2019s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan\u2019s energy infrastructure; South Sudan &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/south-africas-state-owned-oil-company-signs-deal-to-explore-highly-prospective-oil-block-b2-in-south-sudan\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[1598,5908],"class_list":["post-7674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-ministry-of-petroleum","tag-nilepet","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/PR_RSS-MoP_B2.jpeg?fit=600%2C440&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1ZM","jetpack-related-posts":[{"id":7757,"url":"https:\/\/www.oilnewskenya.com\/index.php\/new-cnpc-discovery-confirms-south-sudans-immense-oil-potential\/","url_meta":{"origin":7674,"position":0},"title":"New CNPC Discovery Confirms South Sudan\u2019s Immense Oil Potential","author":"","date":"August 29, 2019","format":false,"excerpt":"While the country sits on over 3.5bn of proven oil reserves, the third largest in sub-Saharan Africa, 70% of its territory remains under-explored. In what has become a remarkable month for exploration in Africa, a CNPC-led consortium has made a 300 million barrels of recoverable oil discovery in South Sudan\u2019s\u2026","rel":"","context":"In \"Block B2\"","block_context":{"text":"Block B2","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/block-b2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/08\/South-Sudan-Block-3-revised.jpg?fit=800%2C532&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5733,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oranto-launches-500-million-oil-exploration-campaign-in-south-sudan\/","url_meta":{"origin":7674,"position":1},"title":"Oranto Launches $500-Million Oil Exploration Campaign in South Sudan","author":"","date":"March 6, 2017","format":false,"excerpt":"Oranto Petroleum will invest $500 million to develop South Sudan\u2019s Block B3, launching a comprehensive exploration campaign starting immediately following the signing of the exploration and production sharing agreement with the Ministry of Petroleum for the block today in Juba. Some aeromagnetic and seismic data have been acquired for the\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10497,"url":"https:\/\/www.oilnewskenya.com\/index.php\/regional-leaders-gather-at-south-sudan-oil-power-2021\/","url_meta":{"origin":7674,"position":2},"title":"Regional Leaders Gather at South Sudan Oil &#038; Power 2021","author":"","date":"June 28, 2021","format":false,"excerpt":"Celebrating a decade of independence and taking place against a backdrop of sustained peace and resilience, South Sudan welcomes guests to South Sudan Oil & Power (SSOP) 2021; SSOP 2021 will take place at the Crown Hotel in Juba on the 29th-30th\u00a0June 2021, in accordance with all COVID-19 regulations. The\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10512,"url":"https:\/\/www.oilnewskenya.com\/index.php\/regional-leaders-gather-at-south-sudan-oil-power-2021-2\/","url_meta":{"origin":7674,"position":3},"title":"Regional Leaders Gather at South Sudan Oil &#038; Power 2021","author":"","date":"June 30, 2021","format":false,"excerpt":"As South Sudan celebrates a decade of independence, the country welcomes regional leaders and industry executives to the fourth edition of South Sudan Oil & Power (SSOP) 2021. The SSOP 2021 focused on exploration, infrastructure, power sector expansion, and financing to stimulate an industry revival and drive socioeconomic growth country-wide.\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/South-Sudan-event-300-x-250-2.jpg?fit=300%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14530,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-wildcat-petroleum-signs-mou-with-nile-petroleum-corporation\/","url_meta":{"origin":7674,"position":4},"title":"SOUTH SUDAN: Wildcat Petroleum Signs MOU with Nile Petroleum Corporation","author":"","date":"September 17, 2024","format":false,"excerpt":"Wildcat Petroleum has announced it has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation (Nilepet), the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad (together PETRONAS), in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Wildcat_Logo.png?fit=400%2C505&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6494,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bgp-perform-airborne-gravity-magnetic-survey-block-b3-south-sudan\/","url_meta":{"origin":7674,"position":5},"title":"BGP To Perform An Airborne Gravity And Magnetic Survey In Block B3, South Sudan","author":"","date":"November 6, 2017","format":false,"excerpt":"Oranto Petroleum has begun its exploration program through an agreement with BGP Inc. South Sudan. The deal comes just eight months after Oranto signed its exploration and production sharing agreement (EPSA) with the government, and kicks off its three-year first exploration commitment period. Following a competitive tender process, geophysical specialist\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Block-B3-South-Sudan.jpg?fit=435%2C255&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7674"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7674\/revisions"}],"predecessor-version":[{"id":7676,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7674\/revisions\/7676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7675"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}