{"id":7419,"date":"2024-05-09T19:38:43","date_gmt":"2024-05-09T19:38:43","guid":{"rendered":"https:\/\/sotnews.agency\/?p=7419"},"modified":"2024-05-09T19:38:43","modified_gmt":"2024-05-09T19:38:43","slug":"south-sudan-strong-partnerships-to-drive-oil-sector-growth","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=7419","title":{"rendered":"South Sudan: Strong Partnerships to Drive Oil Sector Growth"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute, 27 Second <\/div>\n\n <\/div>
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Holding interest in all exploration and production assets in South Sudan, South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) holds eight joint ventures (JVs) with international partners. These partnerships are set to bring international expertise, technology and energy infrastructure to the sector while playing a critical role in supporting the growth of South Sudan\u2019s oil market.<\/p>\n

Partnerships and JV initiatives will be a key point of discussion during this year\u2019s South Sudan Oil&Power (SSOP) 2024 conference and exhibition. This year\u2019s summit presents a key avenue to foster dialogue and strengthen relations between South Sudan and its partners in the oil sector.<\/p>\n

SSOP 2024 positions South Sudan at the center of investments and partnerships in the East African energy landscape. Taking place in Juba on June 25-28, 2024, the conference and exhibition invites investors to explore and engage with opportunities across the hydrocarbons, renewable energy and power sectors. To sponsor or participate as a delegate, please contact <\/em>sales@energycapitalpower.com<\/em><\/a>. <\/em><\/p>\n

The Engine of East African Growth<\/strong><\/p>\n

Through Nilepet\u2019s JV with South Africa\u2019s Strategic Fuel Fund \u2013 the Nile Orange Energy Project \u2013 the NOC and its partner recently completed its initial survey over South Sudan\u2019s Block B2, setting the stage for further exploration activities. The survey was conducted by the South Sudan Geophysical Company, demonstrating the potential to drive local capacities being developed as part of international alliances.<\/p>\n

In June 2023, Zimbabwe\u2019s Energy and Power Development Minister Magna Mudyiwa engaged South Sudan to support sizeable oil and gas finds expected in the country\u2019s Muzarbani area. The Minister highlighted South Sudan\u2019s expertise in the sector to offer advice on regulations, legal structures and handling of environmental issues to optimize oil recovery from the Cabora Bassa Basin in Zimbabwe\u2019s Mashonaland Central Province.<\/p>\n

South Sudan\u2019s International Appeal<\/strong><\/p>\n

Nilepet met with the China National Petroleum Corporation last year to discuss renewing a production agreement that expires in four years. The meeting emphasized the need to increase oil production in Blocks 3 and 7 in the Paloch oil fields in the Upper Nile region of South Sudan, which is operated by the Dar Petroleum Oil Operating Company consortium. The consortium features participation from Chinese, Malaysian and Egyptian companies as partners.<\/p>\n

Meanwhile, poised to export refined petroleum products to the wider East African region, development of the Bentiu Refinery is being overseen by SNP Group, a JV between Nilepet and Russia\u2019s Safinat. The JV is currently looking to boost production and expand regional distribution from the refinery, which currently produces between 3,000 and 10,000 bpd.<\/p>\n

In March 2023, Nilepet met with the Abu Dhabi National Oil Company to discuss a strategic vision for sustainable, reliable energy production and a commitment to an inclusive energy transition. With a focus on capacity building and partnerships, the companies discussed how South Sudan can leverage its oil resources to drive socioeconomic development on the back of mid- and downstream expansion.<\/p>\n

Partnerships at the Center of Development<\/strong><\/p>\n

Nilepet is currently engaged in the SIPET Engineering and Consultancy Services JV, holding an 80% share along with Qingdao China Petroleum Geotechnical Engineering Company, which holds the remaining 20%. The NOC is also a majority owner in the Nile Delta JV along with Nigeria\u2019s Niger Delta E&P, who own a 51% and 49% share, respectively. JV Nile Drilling Services is an operating company in South Sudan that is 90% owned by Nilepet and 10% owned by China\u2019s Kerui Petroleum, while Nile-SLC is held by Nilepet (25%), South Africa\u2019s CES Managed Services (36%) and Moloko Investment Group (49%).<\/p>\n

In operations and maintenance, Nilepet holds a 31% interest in Dietsmann Nile S.A. Ltd. along with Italy\u2019s Dietsmann Technology, which holds the remaining 69% interest. For technical support, Nilepet is engaged with Sudan\u2019s Eyat in the NIYAT Oil Field Services JV, which hold a 40% and 60% stake, respectively. Meanwhile, the Nile Delta Systems JV is 51% owned by Nilepet while the remaining 40% stake is held by Poland\u2019s Essesco.<\/p>\n

Distributed by APO Group on behalf of Energy Capital&Power.<\/p>

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Holding interest in all exploration and production assets in South Sudan, South Sudan\u2019s state-owned Nile Petroleum Corporation (Nilepet) holds eight joint ventures (JVs) with international partners. These partnerships are set… <\/p>\n","protected":false},"author":1,"featured_media":7420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-7419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7419"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/7419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/7420"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}