Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately.
JUBA, South Sudan, March 6, 2017 –
Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block today in Juba.
The B3 area covers 25,150 square kilometers. Some aeromagnetic and seismic data have been acquired for the area but no wells have been drilled. The block is highly prospective, with productive parts of the Muglad Basin to the northwest and estimated reserves in place of more than 3 billion barrels of oil. The block is categorized as low risk, high reward. Under the EPSA, Oranto will be the technical operator and 90% shareholder of the block, with Nilepet holding a 10% stake.
“We believe the petroleum resources of Block B3 are vast. To reach our target of more than double current oil production, we need committed new entrants like Oranto,” said Minister of Petroleum Ezekiel Lol Gatkuoth. “The government is working hard to reinvigorate the petroleum industry in South Sudan by creating an enabling environment for International oil and gas companies to invest and operate. It is up to the oil companies to come in, explore and produce.”
“It’s an honor to formalize our entry into South Sudan with this EPSA,” said Prince Arthur Eze, Founder and Chairman of Oranto Petroleum. “Our company is at the vanguard of African firms exploring and developing African assets. This is the beginning of a long-term collaboration with Nilepet, the people of South Sudan and our partners to bring to light the immense potential of Block B3. Oranto is committed to an aggressive exploration work program that will benefit all stakeholders.”
The 120,000-square kilometer Block B was split by the government into the B1, B2 and B3 blocks in 2012. In Block B3 Oranto will work alongside the B1 and B2 partners, which include Total. During the first three-year exploration period Oranto will complete a further airborne geophysical survey; acquire and process 2D seismic; and assess existing data held by the government and former operators. The EPSA contract was facilitated by pan-African law firm Centurion Law Group. South Sudan is an established, world-class petroleum producing region, whose territory includes a large part of the Cretaceous rift basin system that has proved petroliferous in Chad and Niger as well as Sudan.
Atlas Petroleum International and Oranto Petroleum, the sister companies of the Atlas Oranto Group, own and operate 20 oil and gas acreages in 10 African countries: Benin, Côte d’Ivoire, Equatorial Guinea, Ghana, Liberia, Namibia, Nigeria, São Tomé and Príncipe, Senegal and South Sudan. Founded in Nigeria in 1991, the group is Africa’s largest indigenous explorer by acreage. Learn more at http://Atlas-Oranto.com.
We can be sure that General Salva Kiir Mayardiit must be proud of the agreement done with the Kingdom of Morocco that has offered a fortune to build the new capital city of Ramciel. This is apparently very important for the Sudan People’s Liberation Movement (SPLM) who is already mixed in a dozens of issues. That the movement of Juba capital shouldn’t be the focus, but here is the agreement made earlier in February!
The agreement between the nations:
“South Sudan and Morocco have signed four partnership agreements and five Memoranda of Understanding covering areas of health, education, mining and infrastructural development.
The deals include an agreement on the building of the South Sudan Capital in Ramciel which cabinet approved shortly after independence in 2011.
The agreements were on:
So the Kiir Government and Transitional Government of National Unity (TGoNU) has focused on the wrong things these days, as even court justices, ministers and others are deflecting, as the fighting with rebels and other fractions are weakening the central leadership. So the news of this is absolutely bonkers:
“President Kiir appointed FVP Gen. Taban Deng Gai to head the Ramciel city project committee. The project is scheduled to start before May. Taban Deng Gai has been winning the trust of his career mate, His Excellency President Kiir” (South Sudan News, 17.02.2017).
So the man who took the place of Dr. Riek Machar who is fighting the SPLM/A government with his SPLM-IO fraction, the reality is that the Central Government is so fixated on the Ramciel building that they have continued to work on it:
“The order also named Nhial Deng Nhial, senior presidential advisor and special envoy for diplomatic affairs, as deputy chairperson of the committee. The committee members include the presidential advisor on legal affairs and constitutional development, Lawrence Korbandy, minister of finance, Stephen Dhieu Dau, minister in the office of the president, Mayiik Ayii Deng and minister of petroleum, Ezekiel Lol Gatkuoth” (South Sudan Broadcasting Corporation, 19.02.2017).
So that President Kiir is using time forming a working committee to work on building a new capital, instead of securing peace and shielding the citizens. The government is not using funds or securing the inflation, they are not making sure the people who go without water, food or shelter. Instead they are fixated on building a new town to have the main buildings. A new administrational seat instead of the one they have had for a long time. So they are creating a new administrative seat, so they might have a commercial seat and the administrative in the South Sudan. Still, the issue is that nation is grappling with such giant issues that should not contain city or town building at the moment.
With over a million citizens abroad, with drought, with lack of food and armed battles with rebellion, as well as problems of raping soldiers and such, the administrative seat of government, should be the least of concern. The problem of getting petroleum export and pipelines sufficiently works, so the petro-dollars come’s safe in the state coffers too.
In 2011: “MP Andrew Acijok told Good News Radio that legislators representing Greater Yirol met on Saturday and they raised concerns about the governor’s appointment. He said an appointee from Greater Yirol would be more familiar with the background of the new capital and would be of greater assistance to the committee. Mr. Acijok stated that the communities around Ramciel have given the land for the development of the new South Sudan capital for free. Mr. Acijok said traditional songs show that Ramciel had local residents for close to two centuries. He added that Ramciel natives offered the land to Dr. John Garang be used by the national government. On September 2, 2011, South Sudanese ministers designated Ramciel as the site for a planned capital city. The place, an open space in Lakes state, is considered the geographic centre of South Sudan” (Catholic Radio Network, 14.09.2011).
So the modernization should be more than enough to focus on and to secure the current capital. Because the other dire issues and unfixed problems in the domain. All the people that are in the limbo, that is in refugee camps in Uganda, Ethiopia and Kenya. That the spies of South Sudan are following into these camps and nations to pick-out the rebels inside the neighbour nations. This been told by resigned officials that they even went this far. So the missing South Sudanese could easily been taken by South Sudanese officials and their friends in EAC nations. When we know that the United Nations blue-helmets, MONUSCO could safely transfer SPLM-IO into the republic of Sudan and to Khartoum during the month of July, 2017.
The knowledge of all of this, the dying need for food for so many with the drought, the instability of the arms and battles between forces, as the government army and rebels are trying to controls areas. The government should use the manpower and the arms to secure the population and not to use time to build a new capital. That is waste of the Kingdom of Morocco donor aid and also the spent man-hours that the South Sudanese authorities shouldn’t need to use. The building of the Ramciel instead of Juba is misusing the capacity and the structures that already there. Instead of building stronger institutions and using the time to focus on needed restructuring and negotiating peace with rebels. The Government are getting busy on a project instead of trying to build a lasting peace.
The South Sudanese authorities and government should focus on building the nation, building the institutions, building the legal framework and the civil society, instead their focusing on building a town and city. That is not a key issue or pressing demand; the demand is to show up and be there for the citizens that fleeing violence, killing and lacking shelter. Even lacks peaceful villages to grow food and sell it on the market. Now, it is time for something else than fancy projects, but instead being there for the people. Peace.