South Sudan to break up oil concession

South Sudan to break up oil concession

South Sudan has decided to break up a massive oil concession largely held by Total into three blocks, granting one to the French energy company and the others to two foreign firms, government officials said in a Reuters report.
US firm ExxonMobil and Kuwait’s Kufpec were identified as two firms who could take charge of the new mapped out blocks. Although the companies all declined to comment.
Total has already lodged a challenge to the division of the block Deputy Minister for Petroleum and Mining Elizabeth James Bol told Reuters. The French firm has held onto the block for well over three decades, paying fees to the government of Sudan for the block throughout those years
>Oil and Gas Press

#FOLLOW US ON INSTAGRAM