OIL & GAS

SOUTH SUDAN: Q1 of 2020 will see SS launch a licensing round for 14 blocks marked A1-A6. “We are opening up the licensing rounds for everyone on a competitive basis and this is will help us to get the right partners, investors that can be easily verified because we don’t want to continue to have direct negotiations,” Awow Daniel Chuang, South Sudan's Minister for Petroleum. South Africa was the beneficiary of the last direct negotiation when SS entered into a 6 year exploration production sharing agreement with South Africa on Block B2 with SA committing to spend $50M in exploration. SS currently produces 180,000 barrels of oil per day and is looking to hit 350,000-400,000 by mid 2020. http://bit.ly/2QiBnQZ. The question is with the current postponement of forming a a unity Government by 100 days will this target be met?