The signing of new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is a boost to the oil sector and promotes peace and stability within the country, according to the African Energy Chamber (AEC)
South Africa has signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2
Energy firm ExxonMobil has announced that it will increase its exploration acreage in Namibia with the addition of approximately seven million net acres (28,000 sq km)
South Sudan inherited 75 per cent of proven oil reserves from Sudan at the time of independence in 2011, making it the third largest oil reserve in sub-Saharan Africa
UK-based Chariot Oil & Gas Limited has won a 75 per cent interest and operatorship of the Lixus offshore licence in Morocco
