STATE OF THE INDUSTRY

Transcription

1 AOP Investor Forum 2018 STATE OF THE INDUSTRY Presented by H.E. Ezekiel Lol Gatkuoth Minister of Petroleum

2 Hon. Gen. Salva Kiir Mayardit President of the Republic of South Sudan

3 AT A GLANCE Unity oilfield discovered 1978 Pipeline to Red Sea completed 1999 Comprehensive Peace Agreement signed 2005 NOC of South Sudan Nilepet incorporated 2009 Independence won by popular vote. Production peaks at 350,000 bopd 2011 First new EPSA signed since independence 2017 International partners CNPC and Petronas commit to extending their agreements for South Sudan. Security reestablished at SPOC and GPOC oilfield areas 2018

4 GREAT POTENTIAL Current production 130,000 bopd Proven Oil Total 3.5 billion barrels Population of 12 million Capital: Juba 2018 Target Production: 280,000 bopd Yet up to 70% of the country is unexplored 3 operating companies have potential to produce

5 RESUMING PRODUCTION National oil company Nilepet, is an upstream stakeholder Sudd Petroleum Company will resume production soon Production capacity of 80,000 bopd Dar Petroleum Operating Company is the only oil company in production Produces 130,000 bopd Greater Pioneer Operating Company is close to resuming production Production capacity of 38,000 bopd

6 NEW DEVELOPMENTS First new EPSA since independence signed exploring Block B3 Government is seeking investment from new explorers Security assured at GPOC and SPOC areas early Production can now resume.

7 INTEGRATION WITH THE EAC South Sudan is the only mature oil producer in the EAC Infrastructure integration includes linking via roads and pipelines South Sudan has capacity to export refined and crude petroleum products to the region

8 COMMITMENT TO STABILITY South Sudan remain committed to our partnership with Sudan All oil is exported via pipeline through Sudan Signed a new agreement in 2017 with Sudan to increase production Agreement also included an agreement on the exchange of 54 commodities Commitment to re-open border crossings

9 SOUTH SUDAN EXPLORATION AND PRODUCTION BLOCKS DC S7

10 PETROLEUM RESOURCES BY BLOCK/CONTRACT AREA (3&7) Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Undeveloped Block 3E Block 3D 2, Block 7E 4, TOTAL 5,391 1,

11 PETROLEUM RESOURCES BY BLOCK/CONTRACT AREA (5A) Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Undeveloped Block 5A 2,

12 PETROLEUM RESOURCE BY BLOCK/CONTRACT AREA (1,2,4) Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Undeveloped Block 1A Block 1B Block Block TOTAL

13 PROSPERITY THROUGH UNITY South Sudan s prosperity depends on our collaboration and unity with countries that share our aims and values. We believe that we have a long-term agenda for economic growth and market stability that we can achieve together with OPEC and non-opec nations. South Sudan is committed to deepening its partnership with OPEC and its alliance with other producers and continuing to work together for the common good of our nations

14 2018 COMMITMENTS Petronas has extended its contract to explore and produce oil and gas in Blocks 3 and 7 as part of the Dar Petroleum Operating Company consortium Petronas has committed to invest in the resumption of production at the conflict-hit Unity field, operated by GPOC. Contracts also renewed with CNPC, a 41-percent partner in the Dar Petroleum Operating Company.

15 A SUSTAINABLE OIL AND GAS SECTOR Establishing a long-term, fair and well implemented local content policy Attracting new investment from global partners Resuming production at the now secure GPOC and SPOC areas Increasing exploration activity and technology usage

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