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South Sudan Seeks Saudi Investment in New Oil Exploration Areas

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In a bid to foster bilateral cooperation. between the two oil-dependent countries, South Sudan has invited Saudi Arabian companies, as well as state-owned Saudi Aramco, to invest in South Sudan’s upstream sector. 

The appeal was made by the Managing Director of Nile Petroleum Corp. Dr. Chol Deng Thon Abel, who also announced government plans to establish 23 new exploration areas.   

While South Sudan offers investors highly prospective, untapped acreage in which technical surveys have been carried out in less than 10% of the country Saudi Arabia is able to provide advanced technical expertise, training, equipment and technology, as the third-largest oil producer globally. “Given the recent experience of South Sudan in the field of oil exploration and production, it is in dire need of technical assistance,” said Dr. Abel. “As managing director of NilePet in 2020, I sent a letter to Aramco’s CEO urging them to enter into oil investment in South Sudan and to provide training for the national cadre in South Sudan.”

South SUDAN OIL & POWER 2022

Energy Capital & Power is once again proud to host, in official partnership with the Government of the Republic of South Sudan, the Ministry of Petroleum, Ministry of Energy and Dams, and Ministry of Finance and Economic Planning, the South Sudan Oil & Power conference on 13-14 September.

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Grace Goodrich

Grace Goodrich

Grace Goodrich is a Publications Editor at Energy Capital & Power, where she writes about the intersection of energy, policy and global finance in sub-Saharan Africa's fastest-growing economies. Grace produces our Africa Energy Series investment reports in Angola and Equatorial Guinea (2019), as well as co-authored African Energy Chamber: Road to Recovery (2021).