South Africa Signs Deal To Explore Prospective Oil Block In South Sudan

South Africa has signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2.

The deal – which is strategic for South Africa as an energy consumer – will see Block B2 operated by the state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and Nilepet - the national oil company of the Republic of South Sudan.

This is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country's oil industry as production resumes at existing oilfields and new exploration begins.

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.

It currently produces 160,000 bopd, and aims to increase production capacity to 270,000 bopd by the end of the year. The country has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country explored to date.

Under this new EPSA which includes a six-year exploration period, the SFF alongside Nilepet, will launch a comprehensive aero gravity survey exploration campaign, seismic acquisition and drilling wells with great prospectivity.

The SFF will also invest in capacity building initiatives, training of South Sudanese citizens, investing in social and community development projects and ensuring local content and women empowerment.

"The petroleum resources of Block B2 are vast. For South Sudan to reach its target of bringing back production levels of around 350,000 barrels of oil per day (bopd) and beyond, we need committed new entrants like the SFF," said the Minister of Petroleum Hon.  Amb. Ezekiel Lol Gatkuoth.

"South Sudan has great potential, yet our country remains vastly under-explored, and we believe the entry of new players like the SFF will lead to new world-class discoveries very soon given the aggressive exploration program and great petroleum viability of Block B3. This will support South Sudan's economic revival and improve trade with other African countries."

"We are bullish about this strategic and unique opportunity into Block B2 with great petroleum potential. It provides South Africa with a chance to further strengthen its energy security while entering one of the top three most lucrative onshore oil and gas markets in Africa," said Hon. Jeff Radebe, South African Energy Minister.

"South Africa has supported peace and economic development in South Sudan since the country's independence and this is the continuation of long-term cooperation between both our countries and people. Investment is key to guaranteeing the economic progress of South Sudan"

Last year, South Africa's Department of Energy pledged to invest $1 billion into South Sudan's petroleum industry, with the aim of securing affordable energy supplies for South Africa. The countries are now in talks to set up a 60,000 barrel per day refinery to supply oil products to the local market in South Sudan, as well as to secure exports to Ethiopia and other neighboring countries.

"SFF is looking forward to working with our partners in South Sudan to make discoveries on this block. We believe there are highly significant quantities of oil in Block B2. Our work program and acquisition of new seismic will reveal better information on various structures. We look forward to a few wildcats and appraisal wells in the near future. We are thankful to the Government of South Sudan for this opportunity," stated Godfrey Moagi, acting CEO of SFF.

The B2 area includes productive parts of the Muglad Basin and is part of the 120,000km2 Block B which was split into three in 2012. There has been much interest in South Sudan's Block B acreages since the entry of Oranto Petroleum to Block B3 in 2017.  Much of South Sudan's oil and gas blocks are yet to be fully explored and resources assessed.

The CEF group is responsible for discovering solutions that will meet South Africa's energy needs. Through its subsidiaries, the Petroleum Oil and Gas Corporation of South Africa (PetroSA), Petroleum Agency South Africa (PASA), Strategic Fuel Fund (SFF), African Exploration Mining and Finance Corporation (AEMFC) and iGas, the group also manages the operations and development of the country's oil and gas assets.

Angola’s Lourenco Fronts Oil & Gas Reforms To Attract Investors

President João Manuel Gonçalves Lourenço of Angola has emphasized that the oil and gas industry is a key driver in attracting domestic and foreign private investment into his country. And true to his world, the President has invited investors to attend the Angola Oil & Gas 2019 Conference taking place June 4-6 in Luanda.

In the recent time since he took over presidency, Angola has adopted a new era of oil and gas through reforms and transparency of tenders. The President will unpack best international practices for Angola's oil and gas sector at the Angola Oil & Gas 2019.

He stated that the country is applying the best international practices in its fundamental oil and gas sector. The government will utilize the event to facilitate investment across the Angolan economy. "In recent times we have changed our policy of managing energy resources, such as oil and gas, to better serve the interests of our country and investors," said President Lourenço.

He highlighted that there is a need to diversify Angola's economy, and he remains cognizant that oil is the key driver of economic activity throughout the country. "This new era in oil and gas is the result of Angola having adopted a totally transparent management of tenders," he stated.

In a bid to lure further investment into the country's oil and gas sector, Angola's national oil company, Sonangol, is in the process of being restructured to focus on the production, refining and distribution of petroleum products and natural gas.

Government has also created the National, Oil, Gas and Biofuels Agency, which has become the concessionaire of the country's petroleum resources.

Endorsed by the Ministry of Mineral Resources and Petroleum, the two-day conference will feature keynote addresses from Minister of Mineral Resources and Petroleum, H.E. Diamantino Pedro Azevedo; José Alexandre Barroso, Secretary of State for Petroleum; and Paulino Jerónimo, Chairman of the National, Oil, Gas and Biofuels Agency.

Petroleum Agreement Between South Sudan & South Africa To Boost Peace, Economic Recovery

The signing of the 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. This landmark oil deal marks yet another achievement for Africa's growing energy investments and will provide further boost to South Sudan's economic revival.

This is the second petroleum exploration agreement that South Sudan has signed since independence. Singing this deal with South Africa's state owned company marks the emergence of a strong intra-African energy cooperation and signals the willingness by South Sudan to provide investors with an enabling environment to invest and do business in the country.

"This is a brilliant deal and the future outlook for exploration in South Sudan and Block B is huge, with prospective resources into the billions of barrels of oil. The potential discoveries can be quickly and cheaply tied into existing infrastructure," stated NJ Ayuk, CEO of Centurion Law Group and the Chamber's Executive Chairman.

"I am also impressed by the deals commitment to local content, dedication to hiring citizens of South Sudan and investment in education. Education is likely going to do more to strengthen the overall economy than anything else the government can do. South Sudan's ability to attract, retain, and leverage energy investment is key for an inclusive and sustainable economic growth. The Chamber will continue to provide, and support market driven, and people centered polices in oil states," added NJ Ayuk.

The Chamber believes that the potential for large discoveries of oil and gas is immense in South Sudan, which remains largely under-explored despite already having proved oil reserves of 3.5 billion barrels. New entrants like the SFF are key to ensuring socio-economic development in South Sudan and show the way for more investors to come.

South Sudan is expecting to produce close to 270,000 bopd by the end of this year and is seeking investment across its value chain. The expansion of the country's oil & gas industry offers tremendous investment opportunities in upstream, midstream and downstream via the laying of additional connectivity pipelines, refining infrastructure and the expansion of the country's marketing network.

African Energy Chamber, Oil Investors Happy With South Sudan Drive In South Africa

South African and African private sector participants have an amazing opportunity to invest in South Sudans' peace and make huge profits. This week the African Energy Chamber will join Hon. Nhial Deng Nhial, Minister of Foreign Affairs and International Cooperation and Hon. Salvatore Garang Mabiordit, Minister of Finance and Planning, South Sudan's global investment drive is arriving in Johannesburg this week.

South Sudanese Cabinet Ministers and business leaders will meet with the African Energy Chamber and other investors at the Sandton Convention Centre in Johannesburg on April 24th from 9am to 5pm, hereby closing a 4-city global investment drive that previously took them to Washington, New York and Dubai.

The delegation is notably made up of Agriculture and Food Security Minister Hon. Onyoti Adigo Nyikwec, Mining Minister Hon. Gabriel Thokuj Deng, South Sudan Investment Authority Secretary General Dr. Abraham Maliet Mamer, Nilepet Managing Director Dr. Chol Thon Abel, and South Sudan Petroleum Commission Chairman Amb. Ceasar Marko.

The African Energy Chamber commends Afrexim Bank for providing a $500m financing facility to fund power transmission, infrastructure and agricultural projects. We also commend President Cyril Ramaphosa and his Energy Minister the Hon. Jeff Radebe for committing 1 billion US dollars in oil and gas an infrastructure projects in South Sudan. These bankable deals should be closed quickly as it will create opportunities for both the South African and South Sudanese people.

"We are hopeful that the arrival of the South Sudanese delegation to South Africa will result in even more investment deals being announced," declared Centurion Law Group CEO and AEC Executive Chairman NJ Ayuk. "Johannesburg is the financial capital of Africa and I am bullish that we will be able to raise more money to secure and promote lasting peace and investment in South Sudan".

The Chamber believes South Sudan's leadership also has an obligation to creating an enabling environment of investors to put more money into the country. To achieve these great benefits, South Sudan needs to safely open up new oil blocks to exploration especially to African investors. It's time to build refineries, pipelines, urea, ammonia, fertilizer plants, power plants, large agricultural fields and set up technology hubs. Recent discussions between The African Energy Chamber, South Sudan President Salva Kiir and his cabinet agreed that Economic growth must be front and center of the peace and recovery efforts of South Sudan.

The African Energy Chamber believes that securing investments is not the problem. "Investors need an enabling environment and we are spending a lot of money to help South Sudan achieve that.  It is business that creates jobs and hope. Economic revival and business are the solution; not aid. Our leaders in government need to understand this. We cannot afford smallness in our drive for peace, Investment and stability when what South Sudan and most of Africa really need are big pragmatic common sense solutions" added Mr Ayuk.

The AEC will proudly and vigorously support South Sudan and it's people, but we will reject narrow agendas wherever they come from and put the country first. We call upon all of African Energy Investors and corporate leaders to do the same. The Chamber will stand squarely with those who do.

As a strong partner of South Sudan's economic revival, the African Energy Chamber encourages all partners and interested parties, especially African entrepreneurs, to attend the investment drive and seal business deals with South Sudanese public and private sector leaders who will be present at the Sandton Convention Centre in Johannesburg on April 24, 2019.

E.Guinea President, OPEC Secretary General Set For Oil & Gas APPO Cape VII 2019 Congress

H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, will both speak at APPO CAPE VII; Secretary General of APPO H.E. Mahaman Laouan Gaya and H.E. Emmanuel Ibe Kachikwu, Nigeria's Minister of State for Petroleum Resources, will present on the foundational reforms of the African Petroleum Producers' Organization; H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC; Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) are all speaking at APPO CAPE VII; APPO CAPE VII welcomes participation of 50+ Africa's petroleum ministries, national oil companies and private companies as exhibitors and sponsors.

The President of Equatorial Guinea, the Secretary General of OPEC and 20 African oil and gas ministers will headline Africa's most influential gathering for the energy industry. The African Petroleum Producers Organization's Cape VII Congress and Exhibition on April 2-5 in Malabo is set to bring together top oil and gas executives and the continent's leading energy ministers, as well as international policy leaders for a week focused on policy reforms, Africa's influence in energy geopolitics and increasing cooperation amongst African countries. In all, the conference will gather more than 20 African governments, more than a dozen national oil companies and 50+ exhibitors and sponsors.

H.E. Emmanuel Ibe Kachikwu, President of the African Petroleum Producers Organization and the Minister of State for Petroleum of the Republic of Nigeria, will present on the foundational reforms of the APPO, and the organization's aim to create a strong unifier of African oil producers on the international stage. New discoveries throughout Africa, from Mozambique and Namibia to Senegal and Mauritania, have sparked fresh interest in exploration and production throughout Africa and mean the APPO is set to welcome new producers into the fold.

H.E. Mohammed Sanusi Barkindo, Secretary General of OPEC; Dr Sun Xiansheng, Secretary General of the International Energy Forum and H.E. Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) are all speaking at APPO CAPE VII. With Africa taking a more prominent role in OPEC discussions following the entry of Equatorial Guinea to the group of oil producers in 2017, APPO CAPE VII will set the agenda for African producers' interactions with global producers and markets in 2019 and beyond.

H.E. Obiang Nguema Mbasogo, President of Equatorial Guinea, and H.E. Gabriel Mbaga Obiang Lima, Minister of Mines of Hydrocarbons, will be presenting on Equatorial Guinea's Year of Energy in 2019. The small country in the Gulf of Guinea has taken a leading role on the international stage — joining OPEC, assisting in stabilizing the market and leading efforts for pan-African cooperation in the oil and gas sector. The LNG2Africa initiative, for example, will focus on monetizing domestic gas, building up regional infrastructure and exporting gas from Africa to Africa. The Year of Energy 2019 celebrates regional cooperation in Africa and is centered on a series of events taking place in Malabo throughout the year.

Key African ministers including H.E. Tarek El-Molla, Minister of Petroleum, Egypt; H.E. Jeff Radebe, Minister of Energy, South Africa; H.E. Pascal Houangni Ambouroué, Minister of Petroleum & Hydrocarbons of Gabon; and H.E Abdourahmane Cissé, Minister of Petroleum, Energy and the Development of Renewable Energy Côte d'Ivoire are set to address issues of oil and gas infrastructure and regional cooperation at APPO CAPE VII.

The fresh wave of energy investment in Africa — and indeed the focus on growing oil and gas reserves and creating attractive regulatory regimes for new investment — stands in stark contrast to many more developed markets around the world. Countries like the United States, Ireland, Italy and New Zealand are chipping away at global exploration potential, with New Zealand banning new exploration altogether.

Top industry executives, including Guy Maurice, Senior Vice President for Africa, Total; Mounir Bouaziz, Vice President, Africa and South America, Shell; Andrew G. Inglis, CEO, Kosmos Energy; Jean-Michel Jacoulot, CEO, Trident and Tim O'Hanlon, VP, Tullow Oil will speak on Africa's upstream potential in the current geopolitical environment.

Other panels will tackle regional cooperation, downstream calls for investment, the potential for financing Africa's oil and gas sector; and the need for economic diversification.

Ayuk Calls For Collaboration On Local Content Development, Governance

Centurion CEO and Executive Chairman of the African Energy Chamber (EnergyChamber.org), NJ Ayuk, is leading an industry delegation to Nigeria this week to meet various oil industry players.

On landing in Lagos, he called for more industry collaboration on key issues pertaining to Nigeria's oil & gas industry, including local content development, the signing of the Petroleum Industry Bill, the promotion of a better enabling environment for start-ups and SMEs, monetizing gas for domestic use, investing massively in energy infrastructure and building a robust petrochemical industry whilst ensuring that energy security is placed as a high priority agenda by both the Nigerian government and the country's oil industry.

This notably involves the signing of the Petroleum Industry Bill. Nigeria is Africa's biggest oil producer with a massive investment potential in oil but also gas. In this regard, the Chamber's delegation notably highlighted the importance for both the government and key stakeholders in the oil industry to immediately collaborate to improve governance and create an enabling environment for investment.

"The Chamber continues to be bullish about the potential of Nigeria and the investment opportunities for energy industry players here," declared NJ Ayuk. "Many young Nigerians look at the energy industry for training, empowerment, innovation, and not just any job but good jobs.

The oil industry is going to continue being the largest investor in the country and recognizes its responsibility to work with all Nigerians to ensure that the resources benefit every Nigerian and the dignity of work becomes real. Passing pro-growth legislation that incentivizes growth and provides confidence to all investors is important," added NJ Ayuk.

The Chamber further recognized the success of Nigeria's local content development, which has enabled the creation of strong Nigerian exploration, production and services companies that can truly be part of an African content revolution across the continent. As such, it will continue working with Nigerian officials to attract investment into Nigeria and push for skilled Nigerian entrepreneurs to expand across Africa.

"At the African Energy Chamber we are seeing a great number of Nigerian companies seeking to expand across Africa, including Senegal, Ghana, Equatorial Guinea, Gabon, Congo and South Sudan," added NJ Ayuk. "We need to encourage African companies to take the lead in the development of the continent's oil & gas industry."

In various meetings with oil and gas entrepreneurs in Lagos, NJ Ayuk also urged them to make an effort to participate in the APPO Cape VII Congress & Exhibition in Malabo on April 1-5 and in the 13th German-African Energy Forum in Hamburg on March 27-28.

African companies, and especially African entrepreneurs and SMEs, tend to be under-represented on the international stage, where decisions are made that affect them. Indigenous African companies also need to take advantage of the amazing growth and business opportunities provided by such international platforms.

South Sudan Encourages Refiners, Traders To Take Part In Upcoming Crude Tenders

South Sudan's Minister of Petroleum Ambassador Ezekiel Lol Gatkuoth has announced that the government was inviting more refiners and traders to take part in its upcoming competitive tenders for government-owned crude cargoes.

"Due to efforts by the government, under the leadership of H.E President Salva Kiir to increase current production levels, with the target of reaching previous levels of more than 300,000 bpd, we do expect to put more crude on the market and are seeking to expand our base of buyers," said Minister Gatkuoth.

The minister also said that South Sudan would sell its crude via a competitive and transparent tender process for spot and term buyers. "Prepayments allow the government to access revenue at competitive rates, especially as the government continues to finance the ongoing peace process," the Minister said.

South Sudan has embarked on a peace process under the leadership of H.E President Salva Kiir and H.E First VP Taban Deng Gai which has significantly contributed to a resumption of work on previously abandoned oil fields.

Operating companies nationwide are engaged in preparing for oil production resumption, likely increasing production by the end of 2019 to 200,000bpd. The expected increase in production is already having a significant positive impact on South Sudan's economy, with thousands of young south Sudanese newly employed by oil operators to contribute in the production increase efforts.

"The government continues to be optimistic about the potential of South Sudan and the investment opportunities for energy industry players here," said Minister Gatkuoth.

"Many young South Sudanese look at our oil industry for training, empowerment, innovation, and not just any job but good jobs. The oil industry will continue being the largest investor in the country and therefore has a special responsibility to work with the government and all South Sudanese to ensure that the resources benefits every South Sudanese."

Dangote, Chevron Nigeria Sign Historic Agreement On Gas Supply

Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron's supply portfolio to the fertilizer plant, which is poised to start operations soon.

The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)'s gas obligation to the domestic market through the Gas Aggregation Company Limited (GACN).


The signing ceremony, held at the Department of Petroleum Resources (DPR) office in Lagos, was executed on behalf of the parties by Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin; Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; and Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche.

Dangote Fertilizer Limited, which is ready to be commissioned before the end of this year, will produce 3.0 million metric tonnes per annum (mmtpa) of Urea.

The fertilizer plant consists of twin train, with each single train having a capacity of 1.5 million tonnes per annum of Urea and Ammonia, which makes each of them the largest train available in the world. Hence the total capacity of the plant is 3 million tonnes per annum, and it sits on an area of 500 hectares.


Speaking at the signing ceremony, Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, commended the Managing Director of GACN for his role in the new business relationship between Dangote Fertilizer Limited and Chevron Nigeria Limited.


He said the company is looking forward to having a long-term relationship with Chevron Nigeria Limited as well as synergies in other upstream and wider areas of operations in the oil and gas sector.


Chairman/Managing Director, CNL, Jeffrey Ewing commended GACN, DPR for helping with the signing of the gas supply agreement. He said: "We are looking forward to working with Dangote Fertilizer and maintaining a good relationship with the company. This agreement is very important for the country and Chevron is committed to Nigeria's economic development."


The Managing Director/CEO, GACN, Morgan Okwoche, expressed delight to be part of the domestic gas agreement. "This is the beginning of fruitful relationship between Dangote Fertilizer Limited, Chevron Nigeria Limited and other parties. I am excited that this is happening during my term in office. You cannot imagine my satisfaction in having this contract signed at this time," he said.


Head, Gas Monitoring & Regulation Division, DPR, Sanya Bajomo, said: "I am glad that GACN, Chevron and Dangote have signed this gas supply agreement. I want to say that this gas supply agreement is an issue of national interest and what happened today is going to be transmitted to the presidency. I believe everybody is going to benefit from this agreement when the fertilizer plant starts operation."

Oil & Gas Leaders Unpack South Africa's Massive Gas Discovery

The African Energy Chamber (AEC) hosted senior industry leaders at a breakfast event under the title, "The role of indigenous Oil and Gas resources in Developing South Africa's economy." Participants came from international oil companies, local and internationally operating services companies and the public sector.

Hot topic on the discussion with the Chamber was how Total's recent offshore gas discovery could be best harnessed for the benefit of South Africa's local companies and the economy at large.

Speakers featured Niall Kramer, CEO of the South African Gas Alliance (SAOGA), Petroleum Agency South Africa's Resource Evaluation Manager Dave Van de Spu, the Department of Trade and Industry's Director of Up and Midstream Oil & Gas Kishan Pillay and AEC's Senior Vice President Verner Ayukegba amongst others.

Advising on regulatory framework and oil investment matters, Centurion Law Group CEO and AEC Executive Chairman NJ Ayuk said the natural resources story in Africa doesn't always have to be the same. "South Africa has a great opportunity to get it right and make oil and gas work for everyone. Gas monetisation is key to development and job creation. 

Policy makers have a huge role to play and a lot of good deals will be done for local companies. We hope field development plans will not be delayed and a quick offering of more oil blocks to explorers like ExxonMobil, Eni and others to drill will be good for the industry and the country," he elaborated.

"These changes to the oil industry and opportunities in South Africa will take centre stage at the October 2019 Africa Oil and Power event in Cape Town."

The South African government is currently working on new legislation that will amongst other things separate oil and gas legislature from traditional minerals. This according to SAOGA CEO Niall Kramer is likely to be ratified this year.

"We want predictability and an enabling environment that allows our members to attract investors and supply the industry with the necessary services in demand. We need to be open and accommodating to international skills," he said on the upcoming amended policy regulations.

Amidst the thought-provoking discussions around South Africa's current infrastructure, production forecast, local content policies and regulations, Kishan Pillay, Director: Up and Midstream Oil & Gas (Dti) implored for time to put in the right kind of regulatory framework.

"The word nascent is very important. What we must understand is that places like the USA have developed their gas industry over decades. If we are serious about gas moving forward, we need to make sure it's done properly over the long-term."

South Africa released a new Integrated Resource Plan (IRP 2018) to install an additional 8,100MW of gas-to-power capacity in South Africa by 2030

Oranto Petroleum Increases Education Support In South Sudan

As part of its commitment to the socio-economic development of South Sudan, Oranto Petroleum will be financing an educational programme in conjunction with the Ministry of Petroleum, to provide training to 25 teachers in the most under-privileged parts of the country.

The support from Oranto Petroleum paves the way for 25 teachers to receive quality training that will benefit 60,000 children across 30 villages in Yirol, in South Sudan's Eastern Lakes State. The program will run for a 5-year period and is expected to have a considerable impact on communities in the State, which is amongst the poorest of the country.

It will be implemented by Action for Intervention and Management (AIM), a non-governmental organization that works to provide quality education to the most under-developed parts of South Sudan.

"At Oranto Petroleum, it is our firm belief that supporting teachers in their professional development leads to improved outcomes for learners. Good quality training is an essential part of a teacher's professional life and it is going to help so many children," said Prince Arthur Eze, Executive Chairman of Oranto Petroleum.

"In South Sudan and across Africa, too many children have not had the utmost access to an excellent education. I am happy this program will start addressing this issue and closing the gap especially with young girls. Oranto will continue supporting what catalyzes leadership to make educational equity a reality," added Prince Arthur Eze.

Oranto's support to the programme is in line with the company's policy to significantly engage local capacities in all its activities in South Sudan and promote the development of social infrastructure. The company already awarded last year a contract for the construction of two primary schools in Yirol and Rumbek, at an estimated cost of over $800,000. The construction of the schools is being executed by local construction company Dynamic Supplies and Construction Limited, in line with Oranto's commitment to mobilise local human and material resources in all its activities in the Republic of South Sudan.

"The South Sudanese oil industry can never be at its best without qualified citizens to take up roles across the full value chain. Earning a qualification is not enough for teachers to continue to grow, develop and evolve," declared Ezekiel Lol Gatkuoth, Minister of Petroleum of the Republic of South Sudan.

"For South Sudan to reach its true place in Africa, we have to invest in education and great students are the result of great teachers and it is therefore essential to empower and support teaching professionals throughout this country and I am thankful to Oranto Petroleum and implore on other oil companies in the country to do the same," added the Minister.

Oranto, and its sister company, Atlas Petroleum, comprise Africa's largest privately held, Africa-focused exploration and production group, with 22 licenses in 11 jurisdictions, including producing assets in Nigeria and Equatorial Guinea. In late May, Oranto agreed to work with Rosneft, Russia's largest oil producer, on the development of 21 oil assets in 17 African countries.

Oranto acquired Block B3 South Sudan in March 2017 and has since both engaged in unprecedented fast pace exploration activities on the Block and demonstrated significant interest in delivering oil and gas asset development in South Sudan ahead of schedule and in a most cost-effective manner. Oranto completed data acquisition on Block B3 in the second quarter of 2017 and is currently in the data interpretation stage.

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