ADD TIME: 2024-04-30
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South African state-owned oil company SFF has completed an aerial survey of oil reserves in Jonglei State, South Sudan. SFF signed a contract with South Sudan Nile Petroleum Company to cooperate in the development of the B2 oil area in Jonglei State.
Last week, South African President Ramaphosa paid a state visit to South Sudan. During this period, the SFF delegation visited Bor, the capital of Jonglei State. Trivedi, head of the SFF delegation, said that the geological exploration survey was completed in March, covering an area of 47,000 square kilometers. This is also the largest survey in the history of South Sudan. Trivedi also revealed that three South African companies, including SFF, plan to establish a new South African national oil company, and SFF CEO Godfrey has been appointed as the interim CEO of the new company. Trivedi said that in addition to joint oil development, South Africa will also cooperate with South Sudan in mining and other fields. Bernard, general manager of Nile Petroleum Company, said he was confident in the cooperation between the two parties and would fully support the implementation of the project.
In May 2019, the Ministry of Petroleum of South Sudan and the Department of Energy of South Africa signed an exploration and development agreement for the B2 area in Jonglei State. The project amount is US$50 million and the project period is six years.