South Sudan: South Sudan Set to Take over China-Operated Oilfields by 2027

Aug 26, 2020 | Tsvetana Paraskova, OilPrice.com
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South Sudan’s state-controlled Nile Petroleum Corporation (Nilepet) has started preparations to take over the management of some oilfields in the country by 2027, when it will let the contract with China National Petroleum Corporation (CNPC) as operator expire, Nilepet’s managing director Chol Deng Thon Abel told Bloomberg in an interview published on Wednesday. CNPC leads one of the two main operating consortia in the country, Dar Petroleum Operating Company. The other members of the Dar Petroleum consortium – Malaysia’s Petronas, China’s Sinopec, and privately owned Tri-Ocean Energy – are also set to leave the blocks in 2027, Nilepet’s top executive told Bloomberg.