12.500
%
Neutral
131
mm boe
0
%
Sudan's civil war between the army and the RSF has created the world's largest humanitarian crisis, and the RSF's capture of El Fasher has cemented a de facto partition. Oil infrastructure has been repeatedly disrupted, and no investment is possible. Outlook amended from Neutral because the civil war has made the country uninvestable. Outlook: Negative. Risk premia raised from 6.875% to 12.5%.
October 8, 2026
Africa - East
mm bbl
bcf
North-eastern Africa, bordering the Red Sea, between Egypt and Eritrea.
PSC/PSA
Upstream licences in Sudan are awarded under production-sharing contract terms (PSCs), which are governed by the 1972 Petroleum Resources Act (as amended in 1975). The National Oil Company (NOC), Sudapet, typically takes a 5-20% stake in any commercial development comprising a carried interest through the exploration and development phase. warding of licences is negotiated on an ad hoc basis. The main production-sharing terms are cost recovery and profit sharing, which are negotiated and subject to certain limits. Royalty is levied at flat rates and is negotiated. Corporate income tax is paid by Sudapet.
Sudan's civil war between the army and the Rapid Support Forces has caused the world's largest humanitarian crisis, and the RSF captured El Fasher in October 2025, cementing a de facto partition. The FCDO advises against all travel, and investment is impossible outside humanitarian activity. The EIA notes that Sudan's small oil output and the pipeline carrying South Sudanese exports to Port Sudan have been repeatedly disrupted.
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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