• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 4 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 7 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days Demonising fossil fuels has caused major grid problem in Australia
  • 7 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 7 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
The Winners And Losers Of The New Energy World Order

The Winners And Losers Of The New Energy World Order

Russia’s invasion of Ukraine has…

Total Partner with Exxon Mobil and Kufpec in South Sudan

Total has held a majority interest in Block B in the Jonglei state of South Sudan since the early 1980s, but due to the country’s civil war which began in 1983 and didn’t end until 2005, it was unable to begin any exploration activities in the 120,000 square kilometre concession.

Last year, in an attempt to speed up exploration of the area, the South Sudan government negotiated with Total to split the area into separate blocks, B1, B2, and B3.

A deal has now been agreed for Total to partner with Exxon Mobil, and Kufpec (of Kuwait) in exploration activities in Block B1. Reuters were also told that B2 was likely to be explored by the same consortium, and B3 still remains to be discussed.

Related article: Nigeria may be Next OPEC Member to Fall

South Sudan restarted oil production in May 2013 after a 16 month period in which oil exports were completely stopped due to a dispute with Khartoum, Sudan, over the fees the south must pay for using pipeline infrastructure.

South Sudan is keen to build its own pipelines through Kenya or Ethiopia, to Djibouti in order to end its reliance on Khartoum-owned pipes, however such a project would only be viable if giant new oil discoveries were made. Their hopes then, pin on the success of exploration in B1, B2, and B3.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News