South Sudan Seeks Saudi Investment in New Oil Exploration Areas
South Sudan has urged Saudi Arabian corporations, including state-owned Saudi Aramco, to participate in South Sudan’s upstream sector in an effort to strengthen bilateral cooperation between the two oil-dependent nations.
The request was made by Dr. Chol Deng Thon Abel, Managing Director of Nile Petroleum Corp., who also disclosed government intentions to construct 23 new exploration sites.
While South Sudan offers investors extremely promising, unexplored land — technical surveys have been conducted in less than 10% of the nation But Saudi Arabia, as the world’s third-largest oil producer, can supply superior technical experience, training, equipment, and technology.
“Given South Sudan’s recent experience in the realm of oil exploration and production, it is in desperate need of technical support,” Dr. Abel added.
“In 2020, as managing director of NilePet, I issued a letter to Aramco’s CEO requesting them to invest in South Sudan and give training for the national cadre.”