South Sudan says exploration of new oil fields will boost economy
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South Sudan Minister of Petroleum Ezekiel Lol Gatkuoth speaking at the
Petrotech-2016 Exhibition in New Delhi on 6 December 2016 (Petrotech
Photo)
March 7, 2017 (JUBA) - South Sudanese government said exploration of
new oil fields in the country would restore the hope of stability and
would encourage the return of investors to the boost economy.
“The signing of EPSA on Block B3 is an assurance to our citizens and
to our friends and allies in the region and worldwide that South Sudan
is peaceful and secure for investment and other business activities”,
oil minister Ezekiel Lol Gatkuoth told reporters on Monday
He was speaking at a function in which he and Arthur Eze, Chairman and
Chief Executive Officer of Oranto Petroleum Limited signed the
Exploration Production Sharing Agreement (EPSA) on Block B3.
The Minister reiterated during the signing ceremony the commitment of
President Kiir and the Transitional Government of National Unity to
improve and boost the economy of this Country.
“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,” he said.
“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.”
He thanked and appreciated the effort of technical team of the
Ministry of Petroleum led by Arkangelo Okwang Oler, Acting
Undersecretary and the Director General of Planning, Training and
Research, Technical team of the National Commission for Petroleum and
Gas led by Ceasar Oliha, Chairperson of National Commission of
Petroleum and Gas for their great efforts to ensure the EPSA is a
success.
On his part Arthur Eze (OFR), Chairman and Chief Executive Officer of
Oranto Petroleum Limited expressed his appreciation and happiness for
securing the exploration agreement.
"It’s an honour to formalise our entry into South Sudan with this
EPSA,” said 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".
Arthur commended the spirit of cooperation shown by the oil Minister
and his Technical Team and on behalf of the President and the
government of national unity for welcoming and the support to make the
signing of EPSA a success.
(ST)
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8 March 00:04, by jur_likang_a_ likan’g
This is a grand corrupt deal. This is not a well accept deal by
the citizens of South Sudan. The signatories of this loot will have to
answer to the children of this country for such shoddy deal.
repondre message
8 March 00:20, by South South
Great work minister. Let rebels cry like babies, but South
Sudan development will go on. Majority of people of South Sudan are
with you.
repondre message
8 March 05:39, by Kush Natives
Good deals! But, what disappointed me the bring in of Nigerian oil
companies. These people are thieves. They’re coming to loot the
country’s resources.
repondre message
8 March 08:17, by truth teller
yes every one is thieves ... only south sudanese are angels
specially your dinka leaders ... they never do corruption and lootings
repondre message
8 March 08:15, by truth teller
hahhaaa
10% for south sudan
90% for Nigeria
even North was better than this. This 10% will not even be enough
to even pay for schools or hospitals in that area ... what economy
boost ...
This is South Sudan ... a use less freedom struggle and useless country
repondre message
8 March 08:16, by Freedom Advocate
You’re just kidding those thieves from Nigeria.
There is no secured place for exploration.
Peace first and grand safe environment for oil companies to
operate. Lol Gatkuoth is signing fake deals that wouldn’t materialize.
Idiots!!
repondre message
8 March 08:24, by truth teller
Dinka has too much weapons and all money of South ... what
will you do .. just get use to it ... this is your and your children
luck now .. this is freedom what you fought for .... just hide in bush
and save your women ...
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