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FINANCIAL NEWS
Sudan to boost oil output with new exploration
21 Mar 2015
(MENAFN) The Sudanese oil minister said that his country hopes to boost oil production by carrying out exploration and drilling wells in new areas including conflict-hit Darfur, Arab News reported.
Khartoum hopes to boost output further “by drilling new wells and repairing existing wells and increasing exploratory studies and bringing online new fields,” he said.
“Our plan for this year is to raise production to 140,000 barrels per day” (bpd) up from 120,000 bpd in 2014, the Sudanese minister said in a statement to AFP.
One of the areas for development is in an area known as Block 12A in North Darfur where the drilling of the first well has started and there are indicators of oil and the Saudi Al-Qahtani company is working.
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