STATE OF THE INDUSTRY Presented by H.E. Ezekiel Lol Gatkuoth - - PowerPoint PPT Presentation

AOP Investor Forum 2018

STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth Minister of Petroleum

• Hon. Gen. Salva Kiir Mayardit

President of the Republic

• f South Sudan

AT A GLANCE

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

1978 Unity oilfield discovered Pipeline to Red Sea completed Comprehensive Peace Agreement signed NOC of South Sudan Nilepet incorporated Independence won by popular vote. Production peaks at 350,000 bopd First new EPSA signed since independence 1999 2005 2009 2011 2017 2018 International partners CNPC and Petronas commit to extending their agreements for South Sudan. Security re- established at SPOC and GPOC oilfield areas

Current production

130,000 bopd

2018 Target Production:

280,000 bopd

Population of

12 million

Capital: Juba

3

• perating companies

have potential to produce

Proven Oil Reserves Total

3.5 billion barrels

Yet up to

70%

• f the country is

unexplored

GREAT POTENTIAL

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

RESUMING PRODUCTION

National oil company Nilepet, is an upstream stakeholder Sudd Petroleum Company will resume production soon Production capacity of 80,000 bopd Dar Petroleum Operating Company is the only oil company in production Produces 130,000 bopd Greater Pioneer Operating Company is close to resuming production Production capacity of 38,000 bopd

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

NEW DEVELOPMENTS

First new EPSA since independence signed Security assured at GPOC and SPOC areas early 2018. Production can now resume.

exploring Block B3

Government is seeking investment from new explorers

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

INTEGRATION WITH THE EAC

South Sudan is the only mature

• il producer

in the EAC

South Sudan has capacity to export refined and crude petroleum products to the region Infrastructure integration includes linking via roads and pipelines

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

COMMITMENT TO STABILITY

Signed a new agreement in 2017 with Sudan to increase production

South Sudan remain committed to our partnership with Sudan

Agreement also included an agreement on the exchange of 54 commodities Commitment to re-open border crossings

All oil is exported via pipeline through Sudan

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

SOUTH SUDAN EXPLORATION AND PRODUCTION BLOCKS

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

DC S7

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

PETROLEUM RESOURCES BY BLOCK/CONTRACT AREA (3&7)

Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Reserves Undeveloped Reserves Reserves Block 3E 508.5 110.3 46.2 34.1 30.0 64.1 Block 3D 2,96.9 57.5 26.6 18.6 12.3 30.9 Block 7E 4,585.9 109.6 582.2 404.6 107.8 512.4 TOTAL 5,391 1,262 655 457 150 607

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

PETROLEUM RESOURCES BY BLOCK/CONTRACT AREA (5A)

Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Reserves Undeveloped Reserves Reserves Block 5A 2,655.13 221.04 42.97 79.13 98.95 178.08

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

PETROLEUM RESOURCE BY BLOCK/CONTRACT AREA (1,2,4)

Block Discovered PIIP (Commercial) Commercial (EUR) Cumula9ve Produc9on Developed Reserves Undeveloped Reserves Reserves Block 1A 1466.2 597.8 446.6 89.1 12.6 151.2 Block 1B 1156.9 294.5 215.4 34.8 43.1 78.6 Block 2 8.6 3.8 1.4 1.7 0.6 2.4 Block 4 29.6 5.6 0.0 0.0 4.0 5.6 TOTAL 2661.2 901.6 663.5 125.6 60.4 237.8

PROSPERITY THROUGH UNITY

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

South Sudan’s prosperity depends on our collaboration and unity with countries that share our aims and values. We believe that we have a long-term agenda for economic growth and market stability that we can achieve together with OPEC and non-OPEC nations. South Sudan is com- mitted to deepening its partnership with OPEC and its al- liance with other producers and continuing to work to- gether for the common good of our nations

2018 COMMITMENTS

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum

Petronas has extended its contract to explore and produce oil and gas in Blocks 3 and 7 as part

• f the Dar Petroleum

Operating Company consortium Petronas has committed to invest in the resumption of production at the conflict-hit Unity field, operated by GPOC. Contracts also renewed with CNPC, a 41-percent partner in the Dar Petroleum Operating Company.

A SUSTAINABLE OIL AND GAS SECTOR

Establishing a long-term, fair and well implemented local content policy Attracting new investment from global partners Resuming production at the now secure GPOC and SPOC areas Increasing exploration activity and technology usage

South Sudan Oil & Power / STATE OF THE INDUSTRY

Presented by H.E. Ezekiel Lol Gatkuoth, Minister Of Petroleum