South Sudan Declines to Renew Oranto’s Block B3 License
South Sudan has decided not to renew Oranto Petroleum's license for Block B3 due to unmet obligations under the EPSA, including seismic surveys, drilling, and financial commitments. Oranto had invested $500 million in the block, which was seen as a high-potential area in the country's underexplored oil sector. The decision highlights ongoing challenges in South Sudan's oil industry, including post-war recovery and investment risks.
Topics: exploration agreements license non-renewal oil and gas Oranto Petroleum South Sudan