• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 21 mins Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 8 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 46 mins Could Venezuela become a net oil importer?
  • 24 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 10 hours Why is permian oil "locked in" when refineries abound?
  • 3 hours Saudi Arabia turns to solar
  • 1 min Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 hours Teapots Cut U.S. Oil Shipments
  • 12 hours Oil prices going down
  • 35 mins China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 17 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 13 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 1 day U.S. Withdraws From U.N. Human Rights Council
  • 2 hours EVs Could Help Coal Demand
  • 23 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 13 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
Shale Shifts Attention To This ‘Forgotten’ Oil Play

Shale Shifts Attention To This ‘Forgotten’ Oil Play

As the Permian becomes overcrowded,…

The Fourth Industrial Revolution Is On The Horizon

The Fourth Industrial Revolution Is On The Horizon

The Fourth Industrial Revolution is…

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

Oilprice - The No. 1 Source for Oil & Energy News