Sudan to drill new wells to boost oil and gas reserves

well-sudanThe wells are expected to attract foreign investment in the East African country. (Image source: Sporst/Flickr)Sudan has planned to drill 253 wells next year to boost its energy reserves by 65.4mn barrels of oil and 8.5bn cu/m of gas, the country’s oil minister stated

With South Sudan seceding in 2011, it took with it three-quarters of the former unified country’s oil wealth, estimated at five billion barrels of proven reserves by the US Energy Information Administration, Reuters reported.

The oil exports had been instrumental in supporting the Sudanese pound against foreign currency before the split, reports added.

The wells planned for 2015 could attract foreign investment and help pay down the country’s high debts, oil minister Makkawi Mohamed Awad told in Sudan’s Parliament.

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