7.500
%
Uncertain
119
mm boe
70
%
The advent of the O&G sector has precipitated some measure of stability, but a weak governmental structure continues to create risks.
January 25, 2024
Africa - East
mm bbl
bcf
East-Central Africa; south of Sudan, north of Uganda and Kenya, west of Ethiopia.
PSC/PSA
The fiscal system applied in South Sudan revolves around production-sharing contracts (PSCs). The Petroleum Act 2012 introduced general petroleum regulations, including the composition of fiscal provisions. Supplementary legislation, including a model PSC, have not been developed. Under the Petroleum Act 2012, an investor is subject to production
South Sudan’s economy is nearly entirely dependent on oil-revenue. Recently released data posted on the Ministry of Finance’s website indicated approximately $1.6bn in annual oil revenue under current exchange rates. According to a February 2023 report by The Sentry, a three-year investigation into a loan deal between a local company and a regional bank, with the backing of the South Sudanese government, uncovered red flags for illicit business practices, including bribery, tax evasion, and trade-based money laundering.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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