But how could these have happened? According to energy regulator, Energy Petroleum Regulatory Authority (EPRA), irregular marketing and supply of Liquefied Petroleum Gas could be connected to some of these explosions, among other reasons.
In March, the government stated that it planned to complete negotiations with a group of international oil companies in September to develop the project.
The Ministry of Petroleum is now actively seeking exploration, seismic and geophysical companies to gather and present exploration data at the event and invites Canadian, U.S. and European companies to SSOP 2019 to gain a better understanding of South Sudan’s oil and gas sector.
The region is experiencing increasing demand for energy, which has gradually opened up opportunities.
According to the Nexus Commonwealth Network, a publication for the Commonwealth Secretariat, Rwanda has a natural reserve of methane gas in Lake Kivu, estimated at 55 billion cubic metres, with a further 150 to 250 million cubic metres of methane being generated annually.
This has challenged regional petroleum players to find new ways to enhance productivity and cut costs in order to remain profitable.
South Sudan has over the past year demonstrated a commitment to peace, which gives the country an opportunity to build long-lasting economic development and strengthen its engagement with the regional and international investment community.
The country produced 300,000 barrels of oil per day then, but the crisis dropped output to 170,000, owing to the shutdown of most oil fields during the unpredictable season.
For a while, oil and gas has been the talk of Uganda, and the discovery is that the country has 6.5 billion barrels of oil reserves, of which 1.4 billion barrels are economically viable or recoverable. Such developments have, however, been stalled by the fact that the Oil Companies have not made Final Investment Decision (FID). FID means the point at which everything is in place for a project to say “yes, let’s go ahead”.