After more than a year of preparation for a call ‘ international tenders for 14 oil blocks, South Sudan has to resolve to give up. The appearance of Covid-19 has indeed significantly reduced the interest of the industry for the ‘ exploration. The project could be relaunched in 2021.
South Sudan will not launch its cycle of 14 oil licenses this year, as planned. The decision was announced to the press on Wednesday by Awow Daniel Chuang (pictured), undersecretary at the Petroleum Ministry.
“Unfortunately, the coronavirus pandemic has forced us to postpone the launch. We hope to be able to restart the licensing cycle early next year. The pandemic caused this situation, because no one would have been interested in the process if we had continued to work in this direction, ” said the official.
It should be remembered that the call for tenders was initially scheduled for the end of last March. The process was then suspended in early March due to the proliferation of cases and its consequences on demand and mobility.
With this program, the country hoped to diversify the companies present in its oil sector, by attracting European and American companies. Currently, the companies that operate in South Sudan are predominantly Chinese and Malaysian.
To optimize the program, Juba has focused on acquiring new data through aerial surveys and seismic mapping, while construction of a new oil and mineral data center in Juba is well underway. It is planned to study petroleum resources and deposits of mineral resources.
Source: Agence Ecofin