How much would South Sudan pay for oil field infrastructure?
The Government of South Sudan would pay US$3.028 billion under the Temporary Financial Arrangement (TFA) to the Government of Sudan for the oil field infrastructure over 3.5 years, or US$15 per barrel of oil produced in South Sudan, until the total amount would be paid.
Who are the major foreign players in South Sudan’s oil market?
Prepared by Qiaoe Chen. CNPC, Petronas and ONGC are the main foreign players in South Sudan¡¯s oil market as well. Both GNPOC and Petrodar are headquartered in Khartoum. GNPOC installed oil production and processing facilities for 5 oil fields in the Muglad Basin of South Sudan. Petrodar has facilities in the oil field of Melut Basin in South Sudan.
How much would South Sudan pay for crude oil?
South Sudan would also pay Sudan US$11 per barrel for crude produced in block 1, 2, and 4 in South Sudan, including oil processing fees (US$1.6 per barrel), transportation fees (US$8.4 per barrel), and transit fees to the sovereign (US$1.0).
How much oil does Sudan have?
According to BP Statistical Review of World Energy for 2019, Sudan¡¯s proven oil reserves at end-2018 are at 1500 million barrels only, with a low recovery to production ratio of 41.1. Figure 1. Source: U.S. Energy Information Administration. 6. An Oil Agreement between Sudan and South Sudan was signed as one component of the secession agreement.