Sudan to auction five oil blocks in December

david bairdLast year, Sudan had awarded licenses for nine exploration blocks, to consortiums formed by companies from Canada, Brazil and the Middle East. (Image source: David Baird/Flickr)Sudan’s oil minister has announced that the government plans to auction five petroleum blocks in December as part of government plans to increase oil exploration within the country's borders

According to Reuters, Awad al-Jaz told reporters in Abu Dhabi that the bidding process will be for three offshore and two onshore blocks in the country.

Last year, Sudan had awarded licenses for nine exploration blocks to consortiums formed by companies from Canada, Brazil and the Middle East.

French explorer Maurel et Prom signed a Memorandum of Understanding (MoU) with Sudan for an offshore block and Canadian company Statesman Resources also has oil exploration and production-sharing deals with the African state, according to company sources.

Sudan expects to double its oil production to 300,000 bpd by 2014, from around 120,000 bpd in 2012, Reuters reported.

Earlier this year, the petroleum and mining ministry in South Sudan had also announced that the country would start the bidding process for its oil blocks before the end of 2013.

 

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South Sudan to start auction of petroleum exploration blocks by year end

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