South Sudan to push ahead with petroleum audit

34154976343 42a8282513 zThe South Sudanese Ministry of Petroleum has launched a public tender to perform an audit and produce a report on the country's petroleum sector

Despite ongoing civil unrest, the Government of National Unity in South Sudan plans to move ahead with development plans for the country's emerging oil and gas industry. The audit and report is part of this plan, with transparency and efficiency as the major aims. Earlier this year, it was announced that South Sudan aimed to increase its oil production to 290,000 barrels per day in the 2017/2018 fiscal year, up from the output of around 130,000 barrels per day at the start of 2017.

China National Petroleum Company (CNPC), Malaysia's state oil and gas company Petronas, and India's oil and gas company Videsh are the three main companies currently involved in South Sudanese oil production. 

The audit has multiple objectives including completing an accurate assessment of oil, condensate and gas reserves, reporting on revenue and investment flows, and making recommendations to the government on the technical, fiscal and regulatory issues faced by all players in the petroleum sector. As well as providing the government with a clear overview of the country's hydrocarbons industry, the report will be used by South Sudan as an important step towards Extractive Industries Transparency Initiative (EITI) membership.

Companies can bid on the open tender until 14 July 2017.

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