Sudan and South Sudan Oil and Gas Report - Business Monitor International - Industry Reports

Sudan and South Sudan Oil and Gas Report

Sudan and South Sudan Oil and Gas Report - Business Monitor International - Industry Reports
Sudan and South Sudan Oil and Gas Report
Published May 14, 2016
76 pages — Published May 14, 2016
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Oil exploration began in ---- - led by Italian company Agip - in the coastal waters of the Red Sea on the Sudanese continental shelf. Exploration gathered pace in the ----s and ----s as a number of major international oil companies (IOCs), including Shell, BP, Chevron and Total, took acreage offshore. ...The only significant discovery was made in ---- by Chevron, in the Suakin Basin. Onshore exploration began in ----, after Chevron was awarded a ---,---sq km concession across several states of south-central Sudan, including Western Kordofan and Western Upper Nile (Unity). Chevron carried out extensive geological and geophysical surveys and spud its first exploration well in ----. ...Exploration was revived in the ----s, but the competitive landscape was drastically changed as Asian national oil companies (NOCs) came to dominance. This dynamic has remained unchanged, with a marked lack of western involvement in either the Sudanese or Sudanese upstream sector.

...Exploration in both Sudan and South Sudan will remain heavily constrained. An uncertain political and security environment, combined with major capex claw backs across the industry, will see limited investment in new exploration across our forecast period. Oil production in both countries is set for long-term decline. A range of factors are at play here, including the lack of major discoveries to be brought online, rapid depletion rates at producing fields, widespread damage to infrastructure, faltering investment and a lack of wider foreign participation. Refined fuels production will fail to keep pace with the strong rise in consumption, triggering a mounting dependency on refined fuels imports in South Sudan and falling exports from Sudan. ...Export revenues are at risk of sustained decline, both in line with falling domestic crude output and a sharp drop in global oil prices. Increased competition in Sudan and South Sudan s key Asian export markets also threatens further downward price pressures, over the longer term.

...BMI View: Progress on the formation of a unity government offers upside risk to oil production in South Sudan. However, we expect the pace of progress to remain slow, with no significant gains in output before ----. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Sudan and South Sudan Oil and Gas Report" May 14, 2016. Alacra Store. Oct 23, 2016. <>
Business Monitor International - Industry Reports. (2016). Sudan and South Sudan Oil and Gas Report May 14, 2016. New York, NY: Alacra Store. Retrieved Oct 23, 2016 from <>
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