MOG Energy through its subsidiary SSTO has a 5% working interest in a significant oil producing asset in Sudan Block 3&7, where further exploration and development are ongoing. The blocks are operated by DarPetroleum Operating Company (DPOC) ¨C a joint operating company of CNPC China, SINOPEC China, Petronas Malaysia, Nilepet and SSTO Egypt.
How much oil is produced in Sudan?
The cumulative oil produced is 487 MMbbls exported through the pipeline and marine terminal in Port Sudan. In Feb 2012 production and wells were completely shut-down for 15 months and production resumption was in April 2013. Oil production rate achieved +200 Mbopd from 75% from the total wells.
How does South Sudan export oil?
To export oil, South Sudan relies on a pipeline to Port Sudan on Sudan’s Red Sea coast, as South Sudan is a landlocked country, as well as the oil refining facilities in Sudan. In August 2012, Sudan and South Sudan agreed to a deal to transport South Sudanese oil through Sudanese pipelines to Port Sudan. [ 288 ]
What is the main source of income and employment in Sudan?
While historically agriculture remains the main source of income and employment hiring of over 80 percent of Sudanese, and makes up a third of the economic sector, oil production drove most of Sudan’s post-2000 growth.