South Sudan's First Energy Event Attracts 400 Delegates

“This is a country with proven below-ground potential and an increasing commitment to resolving above-ground risks. The international investment community is recognizing that the market is ripe for resurgence.” Indeed South Sudan has enormous proven onshore oil reserves, but production has slipped to about 120,000 barrels per day as two oilfields have been shut down due to security concerns. The country has a capacity to produce more than twice this amount. Major issues discussed during South Sudan Oil & Power included enhancements to security at northern oilfields, increasing improved and enhanced oil recovery techniques at maturing fields with flagging output and securing financing for power and infrastructure. During the conference the governments of South Sudan and Sudan met to discuss strengthening oil trade. The governments of Uganda and South Sudan discussed how to upgrade energy infrastructure in the region. “I can’t believe what we have accomplished. With Africa Oil & Power, we have started something big,” said H.E. Ezekiel Lol Gatkuoth, Minister of Petroleum of South Sudan, during the conference closing ceremonies. “We need to do this every year.” Source / More: South Sudan Ministry of Petroleum oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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