With proven reserves of 3.5 billion barrels of oil and three trillion cubic feet of natural gas, South Sudan is considered to be one of the final oil and gas frontiers in sub-Saharan Africa. Despite its extensive hydrocarbon potential, the country lacks the requisite infrastructure to harness its resource wealth, in turn creating sizable investment gaps across upstream, midstream and downstream sectors. As South Sudan establishes its path toward a post-COVID-19 recovery, the Government is welcoming investors with bankable opportunities on display, from its first-ever bid round in March to the launch of its first data center in June.
14 Blocks on Offer
South Sudan is launching its first-ever oil and gas bidding round in March 2021, comprising 14 oil blocks in the northern fields and serving to drive further exploration and FDI into the sector. The country currently has three producing areas, with two exploration areas in progress.
Renewables to Close the Gap
Having launched a call for consultants to assist in crafting the nation’s renewable energy development program, South Sudan is aiming to reduce its current 170MW electricity deficit through clean power investment, targeting up to 40MW of additional power from renewable sources.
Regional Partners Look to South Sudan
South Sudan stands to benefit from regional cooperation through best practices sharing and knowledge and technology transfer with existing producers – like Egypt – on the continent. Meanwhile, neighboring countries have demonstrated an increasing interest in developing trade, investment and diplomatic relations with the world’s youngest country.