Juba, South Sudan,
June 24, 2021 – The Ministry of Petroleum on Wednesday announced that it is opening up more oil fields for investors to explore and possibly make some oil drilling.
Jonglei State, marked as Block B1 and part of Block B4, is one of the blocks that are being advertised by the Petroleum Ministry for exploration.
In a statement seen by Nyamilepedia, Puot Kang Chol, South Sudan Minister of Petroleum made the announcement on Wednesday in Juba before a handful of potential investors and government officials.
Kang said the country has possibilities to allow investors in line with progressing moves reached in the peace implementation.
“The country is hoping to welcome potential investors following significant progress and returning to peace,” he said.
Currently, South Sudan is producing in only 4 Blocks; that is Block 1, Block 2, Block 4, and Block 5A, which are located in Unity State. Other producing blocks include block 7E and Block 3E in Upper Nile State.
Minister Kang stressed that the New Blocks being advertised include Block A2 in Upper Nile, Block A5 located in Unity and the Lakes States, Block B1 located in Jonglei State), Block B4 located between Jonglei and Central Equatoria, and Block D2 in Eastern Equatoria.
He added that 90% of South Sudan oil underneath the ground remains untapped or unexplored.
Dr. James Wani Igga, Vice President for the Economic cluster used the event to convince investors that South Sudan is “enjoying peace and there is stability all over the country”.
The Vice President at the same occasion emphasized that the government has lost $4 billion from personal income tax that has been submitted to the National Revenue Authority for the last ten years. He said current companies involved in the production of oil in the country are cheating the country.