Please Wait.....
Report
South Sudan Oil and Gas Upstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 90 Pages I Mordor Intelligence
The South Sudanese oil and gas market is expected to register a CAGR of about 1.5% during the forecast period of 2022-2027, reaching around 146.7 thousand barrels per day by 2027 from 134.7 thousand barrels per day in 2021. South Sudan's GDP index fell by 1.69% in 2020. During this pandemic, the nation's oil production dropped by around 26,000 barrels per day (b/d) in 2020, which brought down the cumulative production to 154,000 b/d due to operational interruptions at oil fields. Factors such as supportive government policies and increasing stability in the country are expected to drive the market during the forecast period. However, the high volatility of oil and gas is expected to restrain the South Sudanese oil and gas upstream market during the forecast period.
The increasing political stability in the country is expected to attract several new investments in the oil and gas upstream sector, thus driving the market during the forecast period.
Since its independence, the Republic of South Sudan created a unique opportunity to gain a lucrative foothold as Africa's newest global oil producer. Moreover, 90% of the gas and oil reserves are untapped, which is expected to attract several foreign investors and create several opportunities for the country's oil and gas upstream market in the future.
The high volatility of oil and gas prices causes uncertainty among investors, which is expected to hinder the market growth during the forecast period.
South Sudan Oil & Gas Upstream Market Trends
Increasing Political Stability is Expected to Drive the Market
The Republic of South Sudan became Africa's 55th country and the world's newest nation in July 2011. Renewed conflicts in late 2013 and July 2016 compromised the development gains achieved since independence and worsened the humanitarian situation. Consequently, South Sudan remains caught in a web of fragility, economic stagnation, and instability a decade after liberation. The signing of a truce in September 2018 and the subsequent formation of a unity government in February 2020 had provided stability and peacebuilding.?
In South Sudan, the civil war and political instability have undermined its ability to increase output to peak production capacity. Low investor confidence and the unfortunate security situation posed severe obstacles to the government's ability to boost crude oil production. However, an end to the conflict significantly increased the growth of the market. In 2020, crude oil production increased four times since 2012.?
Additionally, the government of the Republic of South Sudan and the government of the Republic of Sudan entered a number of agreements to cooperate across a range of areas of common interest and committed themselves to implement these agreements, including "The Agreement on Oil and Related Economic Matters (AOREM)."
Under the Cooperation Agreements, South Sudan would have access rights to the GNPOC (Nile Blend) and Petrodar (Dar Blend) processing and transportation facilities located on the territory of Sudan: South Sudan would provide their proportionate share of pipeline fill, which would be delivered to South Sudan at the expiry of the agreement till March 2022.?
In February 2020, an intermediate government was formed, and elections were planned to be held within the next three years. This agreement has brought political stability to the country. Thus, the government is focusing on the development of South Sudan, especially in the oil and gas sector, to boost investment opportunities.?
In June 2021, the Ministry of Petroleum (MoP) of the Republic of South Sudan launched the country's first Oil Licensing Round. The Oil Licensing Round focuses on attracting interest from a diverse group of foreign investors to a region already home to oil and gas majors from China and Malaysia. The country hopes to welcome back experienced partners and operators following significant progress in returning to peace and stability. With the new data, analysis, and governance mechanisms, the ministry seeks to attract high-quality investors and partners.?
Blocks A2, A5, B1, B4, and D2 are up for investment in the First Oil Licensing Round launched in June 2021 by the Ministry of Petroleum. The blocks on offer range between 4000 and 25,000 square kilometers, although most are between 15,000 and 20,000 square kilometers.?
Hence, the increased political stability is expected to attract more investments into the market, in turn driving the market during the forecast period.?
The High Volatility of Oil and Gas Prices is Expected to Hinder the Market
The government revenue in South Sudan is dominated by the oil sector, which depends on oil production. South Sudan is a small open economy that is highly vulnerable to external shocks such as oil prices and the COVID-19 pandemic. This vulnerability is exacerbated by dependency on a single commodity - crude oil - which constitutes about 33% of its gross domestic product (GDP), 90% of the government of South Sudan (GoSS) revenues, and 95% of its exports as of FY 2020.?
South Sudan's dependency on oil led to a hard time in 2020, with lower oil prices taking a toll on the country's economy and the COVID-19 pandemic disrupting logistics and supplies. ?
The most severe economic impact on the country's economy from the pandemic was on the price of crude oil, which dropped to around USD 15.0/barrel during the fourth quarter of FY 2019/2020. According to the Ministry of Finance (GoSS), this price collapse was magnified by the fact that South Sudan pays the government of Sudan USD 24.1/barrel for oil exports through its territory.?
The oil sector, which accounts for more than 90% of public revenues, was damaged by the collapse of global oil prices. Public and private consumption, the key growth drivers on the demand side, were also hurt by the pandemic. As a result, real GDP growth declined by 3.6% in 2020 after expanding by 7.4% in 2019.
The reductions in investment from the oil and gas upstream industry and incomes due to significant oil price volatility and contagion on financial markets may act as a hindrance to the market growth during the forecast period.?
South Sudan Oil & Gas Upstream Market Competitor Analysis
The South Sudanese oil and gas upstream market is moderately consolidated. Some of the key players in the market include Nile Petroleum Corporation, Niger Delta Exploration & Production PLC?, Petroliam Nasional Berhad (PETRONAS)?, ONGC Videsh Limited, and Oranto Petroleum, among others.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 South Sudan Crude Oil Production and Forecast, till 2027
4.3 Key Statistics of Petroleum Resources By Block, South Sudan, as of 2020
4.4 Key Oil and Gas Upstream Projects Information (Existing, Ongoing, and Upcoming Projects)
4.5 Oil and Gas Export and Import Analysis
4.6 Recent Trends and Developments
4.7 Government Policies and Regulations
4.8 Market Dynamics
4.8.1 Drivers
4.8.2 Restraints
4.9 Supply Chain Analysis
4.10 PESTLE Analysis
5 COMPETITIVE LANDSCAPE
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles
5.3.1 Nile Petroleum Corporation
5.3.2 Niger Delta Exploration & Production PLC
5.3.3 Petroliam Nasional Berhad (PETRONAS)
5.3.4 China National Petroleum Corporation
5.3.5 Oranto Petroleum
5.3.6 ONGC Videsh Limited
5.3.7 Strategic Fuel Fund
6 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security