South Sudan Courts Oil Investors as Sudan’s Warring Forces Take Their Share
South Sudan is courting fresh capital for 14 exploration blocks and a production increase from roughly 170,000 barrels per day to 230,000, which investors would find impossible to control once those barrels left the country. Captive to neighboring Sudan’s civil war, South Sudan is essentially divvying up its oil, under duress, between the Sudanese Army and the rival paramilitary RSF, which…
South Sudan is actively seeking fresh investment to boost its oil production, which currently stands at approximately 170,000 barrels per day (bpd) from 14 exploration blocks. The goal is to increase production to 230,000 bpd, a figure that would be challenging for investors to manage once the oil leaves the country. Due to Sudan's internal conflict, the oil is being divided between Sudanese forces and the rival Rapid Support Forces (RSF), who demand payment before the oil can reach the Red Sea.
The South Sudan Oil & Power conference, set to take place in Juba, will present this arrangement to potential investors. The government aims for 230,000 bpd as a short-term target, with a lower goal of 200,000 bpd by August 2027. In August, production was reported at 175,000 bpd, and the petroleum ministry anticipates reaching 200,000 bpd by August 2027.
Tanker tracking data revealed that eight cargoes, amounting to 4.8 million barrels, were exported via Sudan's two Red Sea terminals in October, contributing to 155,000 bpd combined exports between Sudan and South Sudan. However, the exact breakdown of production between South Sudan and Sudan remains unclear, with no current data to reconcile the two figures.
The government's ambitious goals are driven by the launch of the Africa Energy Bank, which aims to provide the necessary capital for production and export in the midst of Sudan's civil war.
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