Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
Sudan unveils oil ambitions
by Daniel J. Graeber
Khartoum, Sudan (UPI) Dec 17, 2014


disclaimer: image is for illustration purposes only

The Sudanese government aims to increase oil reserves by tapping more than 250 new wells next year, the country's oil minister said.

South Sudan gained control over major oil producing acreage when it secured independence in 2011 through a peace deal with Sudan brokered with the help of the U.S. government. Sudan, however, maintained control over the export infrastructure.

Sudanese Oil Minister Makawi Mohamed Awad told lawmakers the government aims to draw in investment partners and dig as many as 253 new wells next year to increase oil and natural gas reserves.

A report in the official Sudan News Agency states the goal is to increase oil reserves by 65.4 million barrels and 300 billion cubic feet of natural gas.

Sudan holds about 1.5 million barrels of proved reserves, though much of the regional basins straddle the border with South Sudan. Natural gas production is limited because of the lack of infrastructure necessary to utilize reserves associated with regional oil.

The minister said the government would try to woo new investors to the country by updating existing hydrocarbon laws and control measures. Auctions in the past drew investors with little experience in the region, though Chinese oil companies have a long history in the region.

Oil exports from South Sudan through Sudan were halted in 2012 because of revenue disputes with the Sudanese government. Both sides have teetered on the brink of war in part due to lingering disputes regarding oil in the border territory of Heglig.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Encana: U.S. shale tops agenda despite low oil prices
Calgary, Alberta (UPI) Dec 16, 2014
Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday. Encana said it was directing about 80 percent of its capital expenses, or around $2.2 billion, toward the Montney, Duveray, Eagle Ford and Permian shale reserve areas in the United States. Dough Suttles, the company's president and ... read more


OIL AND GAS
Russian space-based ABM system on-track for 2020 launch

Chinese Hypersonic Strike Vehicle May Overcome US Missile Defense: Expert

Raytheon building air and missile defense center for Qatar

India test fires nuclear capable strategic missile

OIL AND GAS
French military orders Ground Master air defense radar systems

40,000th Javelin ant-armor missile produced

Taiwan develops new missiles to counter China's threat

RAF launches Paveway guided bombs from Eurofighter Typhoon and F-35

OIL AND GAS
Trimble UX5 drone allowed for commercial operations

Drone revolution hovers on the horizon

Top pilot sees risk in unregulated US drones

Amazon warns it could take drones testing elsewhere

OIL AND GAS
SES Demonstrates O3b Satellite Technology for US Govt Customers

LockMart completes environmental testing on 4th MUOS bird

Harris Corporation supplying Falcon III radios to Canadian military

GenDyn Canada contracted to connect military to WGS system

OIL AND GAS
Rapiscan adds CounterBomber distance threat detector to portfolio

Lockheed Martin opens innovation center in Abu Dhabi

Dutch sell combat vehicles to Estonia for 100 mln euros

BAE Systems modernizess 100th M113 for Brazil

OIL AND GAS
US Congress passes $584 billion defense bill

BAE Systems plans purchase of spy products provider

Russian arms sales soar on domestic spending

New Pentagon chief inherits friction with White House

OIL AND GAS
Assertive Russia causes military rethink in Sweden

Desperate shortages leave Ukraine ill-prepared for trauma of war

Sweden and Denmark summon Russian ambassadors over air incident

Abe pledges Japan constitution rewrite after election win

OIL AND GAS
Nanoscale resistors for quantum devices

New technique allows low-cost creation of 3-D nanostructures

Technique determines nanomaterials' chemical makeup and topography

Green meets nano




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.