South Sudan plans revision of oil contracts


In depth
Issue 201 - 21 Jan 2011 | 7 minute read

Despite a continuing stand-off over the sharing of oil facilities and future of oil-producing blocks along the border, the Government of Southern Sudan is pressing ahead with plans to develop its oil sector. South Sudan’s oil sector is both the most critical and the most contentious element of its economic future. According to BP’s latest statistical review of world energy, Sudan produced an average 490,000 b/d in 2009, and at year-end had proven reserves of 6.7bn bbls. An estimated 75% of known oil reserves are in South Sudan,

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