Russia’s Slavneft to develop oilfield in Sudan

Russian-Belarus oil firm Slavneft has signed a joint venture deal to develop an oilfield in Sudan and was now waiting for a production sharing agreement (PSA). The field is one of four offered by the African country, but no details on reserves were given. “Slavneft’s team has been interpreting the geological and geophysical data for the ninth oil and gas block and discovered the possibility of the existence of several oilfields”, Slavneft said. The company said it had agreed to create a joint venture with the Sudanese government and to sign a PSA before the end of 2001. It will also finance the first exploration stage, scheduled to begin within the next six months. Slavneft said earlier it had been offered data from the ninth and 11-th blocks in central Sudan, as well as the offshore 15-th block on the Red Sea. It said it was also considering a stake in the international consortium exploring the Melut basin in southern Sudan. The consortium includes Qatar’s Gulf Petroleum, China’s CNPC and Sudan’s state oil firm Sudapec.

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