South Sudan is looking to pump more than 350,000 bpd of oil by the middle of next year, compared to current production of 140,000 bpd, South Sudan’s Oil Minister Ezekiel Lul Gatkuoth told Reuters on the sidelines of a conference in India.
South Sudan broke from Sudan in 2011 and took with it around 350,000 bpd in oil production. After South Sudan’s secession from Sudan, the two countries have been mutually dependent on oil revenues, because the south has 75 percent of the oil reserves, while the north has the only current transport route for the oil to international markets.
But then civil war in South Sudan broke out in 2013 that further complicated oil production. The oil price crash the following year additionally affected oil income and oil production in South Sudan.
South Sudan’s government and rebels signed a power-sharing agreement in August 2018, hoping to put an end to the civil war. Oil production at some oil fields that were shut in at the start of the conflict has resumed. At the end of August 2018, South Sudan resumed production from the Toma South oilfield at a rate of 20,000 bpd, adding to South Sudan’s total daily average of 130,000 bpd.
By the end of this year, South Sudan expects its oil production to nearly double from the current 140,000 bpd to 270,000 bpd, minister Ezekiel Lul Gatkuoth told Reuters. By the middle of 2020, the country aims to restore production to the pre-civil war levels, he noted.