Insight
Will South Sudan return to being a major oil producer?
Report summary
In August 2018, South Sudan’s petroleum minister announced that production had resumed from the Greater Nile Oil Project. Production from the area had been shut-in since the outbreak of civil war in December 2013. In June 2018, the South Sudanese government and rebel fighters agreed to a ceasefire leading to a power-sharing agreement, which was signed on 6 August 2018. South Sudan hopes to double its oil output by the end of the year. But is this even remotely likely? The full extent of damage to field infrastructure is unknown, as is the performance of oil reservoirs that have been shut-in for five years. However, the biggest uncertainty is whether the peace deal will last long enough for any production increases to be sustained.
Table of contents
- Introduction
- Production targets are optimistic
- Power-sharing accord is unlikely to last
- Wood Mackenzie's production forecast
- What will this mean for investors?
- Effect on the crude market
- Outlook
Tables and charts
This report includes 4 images and tables including:
- Map of South Sudan oil projects on the border
- South Sudan block participation
- Wood Mackenzie's South Sudan base-case forecast
- Free cash flow from South Sudan under different scenarios (2018-2021)*
What's included
This report contains:
Other reports you may be interested in
Country Report
Algeria upstream summary
Algeria is the largest gas, and third largest oil producer in Africa. It is a member of OPEC and of the Gas Exporting Countries Forum. ...
$5,400
Asset Report
Future exploration outlook
Focuses on the near-term exploration outlook until 2027 and the sector’s longer-term prospects to 2050.
$11,000
