Following consultation and partnership agreements with the Sudanese Ministry of Energy & Oil and Ministry of Investment, the Sudan Development Program is proud to announce the official Sudan Oil & Gas Summit, to take place in London in November 2005.
The Minister of Energy & Oil, Alshreef Omar Badr wishes to bring the international oil industry together to work closely on the long-term development of Sudan’s oil and gas infrastructure. The first step identified by the Ministry of Energy & Oil is the raising of production rates to 1.5 million barrels per day.
With recent surveys in Sudan indicating an abundance of oil reserves (estimated to be around two billion barrels) and a high rate of success in drilling operations, the untapped potential of Sudan is clear.
An official Sudanese government delegation will be present at the conference in London; this will be led by Awad Ahmad Al-Jaz, Minister of Energy & Oil and Alshreef Omar Badr, Minister of Investment. The conference will also welcome the chairman of the Sudanese National Petroleum Corporation, Musa Raud Al-Tekanna. The delegation has expressed its desire to “meet with international companies committed to offering their goods and services, forming partnerships and promoting investment opportunities”.
Despite the need for massive infrastructural improvement and the many difficulties encountered by Sudan in recent years, Sudan has maintained a respectable economic rate of growth. Now, with the shared government agreement and the pledging of $4.5 billion to redevelop the country at an April donors meeting in Oslo, the country is well placed to exploit its huge reserves.