Sudan to boost oil output to 180,000 bpd in 2012

Sun Jan 15, 2012 7:15am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Ulf Laessing

KHARTOUM (Reuters) - Sudan plans to increase oil production to 180,000 barrels a day by the end of the year due to new finds and using more efficient technology to improve the recovery rate, a senior official said on Sunday.

Sudan lost two thirds of the around 490,000 barrels a day of oil production when South Sudan became independent in July under a 2005 peace agreement that ended decades of civil war.

The African country is now looking to boost oil production and expand mineral exports to overcome a severe economic crisis. In 2010, it made $5 billion from oil revenues it needs to replace in the budget.

Sudan's current production is 115,000 barrels per day (bpd) which is only serving domestic consumption, said Azhari Abdalla, director general of the Oil Exploration and Production Administration (OEPA).

"Production before the end of 2012 will be 180,000 barrels per day," he said. "This is from existing fields, existing blocks."

He said Sudan planned to improve the recovery rate to 47 percent from currently only 23 percent as more efficient technologies would applied.

The increase would mainly come from Block 6 adding 40,000 bpd, while Blocks 2 and 4 would add 15,000 bpd and Block 17 around 10,000 bpd, he said.

Production would be also driven from a new discovery in Block 17 in addition to recent finds in Block 6.   Continued...