CNPC Upper Nile discovery a major boost for South Sudan's oil potential

摘要

A CNPC-LED CONSORTIUM has made a 300 million barrels of recoverable oil discovery in South Sudan's northeastern Upper Nile state.It is almost as much as the Oyo Discovery announced at the start of August in Congo.The exploration well was drilled at a total depth of 1,320m near the Adar oilfield in Block 3,operated by the Dar Petroleum Operating Company(DOPC),which includes CNPC,Petronas,Nilepet,Sinopec and Tri-Ocean Energy.Earlier this year,South Sudan signed an exploration and production sharing agreement(EPSA) with South Africa's Strategic Fuel Fund for the highly prospective Block B2.The move was part of South Sudan's strategy to diversify its basket of investors and encourage further exploration.