The International Resource Journal: South Sudan official says Total to start oil exploration

South Sudan official says Total to start oil exploration
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Nuala  Gallagher on 31 January, 2012 07:35:00
 
IRJ – January 31 – France’s Total SA plans to commence oil
exploration at the concession held by the energy multinational in Jonglei, South
Sudan, according to the nation’s chief negotiator, Tuesday.
Speaking to reporters in Juba, Pagan Amum stated that the company has
“already committed” to this activity and alluded that the firm may
have pledged to go ahead with exploration as early as this month.
The concession in question is Block B, in which Total has a 32.5 per cent stake,
situated on the South Sudanese border with Ethiopia. Total was yet to comment on
Amum's update at time of press.
Newly independent South Sudan, which gained independence in July, reportedly
houses around three quarters of the approximate 490,000 barrels previously
produced when it was one with the north of the formerly united country.
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