As South Sudan attempts to forge peace and unity, plans continue apace for oil and gas development. (Image Source: UNMISS/Flickr)
The South Sudanese Ministry of Petroleum has launched a public tender to perform an audit and produce a report on the countrys petroleum sector
Despite ongoing civil unrest, the Government of National Unity in South Sudan plans to move ahead with development plans for the countrys emerging oil and gas industry. The audit and report is part of this plan, with transparency and efficiency as the major aims. Earlier this year, it was announced that South Sudan aimed to increase its oil production to 290,000 barrels per day in the 2017/2018 fiscal year, up from the output of around 130,000 barrels per day at the start of 2017.
China National Petroleum Company (CNPC), Malaysias state oil and gas company Petronas, and Indias oil and gas company Videsh are the three main companies currently involved in South Sudanese oil production.
The audit has multiple objectives including completing an accurate assessment of oil, condensate and gas reserves, reporting on revenue and investment flows, and making recommendations to the government on the technical, fiscal and regulatory issues faced by all players in the petroleum sector. As well as providing the government with a clear overview of the countrys hydrocarbons industry, the report will be used by South Sudan as an important step towards Extractive Industries Transparency Initiative (EITI) membership.
Companies can bid on the open tender until 14 July 2017.
