South Sudan declines Oranto Petroleum license renewal
South Sudan declined to renew the Oranto Petroleum license after the firm failed to meet drilling goals. The ministry is now seeking new bids for Block B3.
Xurve View
Xurve View
South Sudan declined to renew the Block B3 exploration license for Nigeria-based Oranto Petroleum after a six-year contract review. The Ministry of Petroleum cited Oranto's failure to complete required seismic surveys and drilling commitments during the agreement period. Oil is one of South Sudan's main sources of revenue, making the development of stagnant blocks a fiscal priority.
