High hopes for the fledgling oil sector of the world’s youngest nation evaporated when conflict erupted, forcing oil firms to shut in crude and cutting production to 130,000 barrels per day (bpd).
The resumption of production must be back to where it used to be, increase in production and exploration in certain areas, these are our priorities,” said the officials.
Giving a more modest target than other officials have this year, he said production would reach 150,000 bpd by the end of 2017 after output is increased in the Melut Basin.
Next year it will reach 200,000 (bpd),” he added. Output had reached about 245,000 bpd before the war.
On Wednesday, Juba will host executives from French oil major Total and nearly a dozen other oil companies for a conference to bring new investment.