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سودانيزاونلاين.كوم
sudaneseonline.com
2/14/2006 12:19pm
Sudan Oil Output 330,000 B/D, To Double This Yr
Tuesday February 14, 9:12 PM
Sudan Oil Output 330,000 B/D, To Double This Yr-Officials
DUBAI (Dow Jones)--Sudan's oil output is expected to double from current levels of around 330,000 barrels a day by the end of this year, Oil Ministry officials and oil executives said Tuesday.
The increase in oil production capacity will come with the completion of the Petrodar project in blocks three and seven in southeast Sudan, originally scheduled to come on stream last year but subject to delays.
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The remarks clarified recent ministerial comments, putting current oil production at 500,000 b/d.
Petrodar should start pumping at around 75,000 b/d, quickly rising to 125,000 b/d and reaching 150,000 b/d by the end of 2006, said an executive working on the project.
"It will be good to sustain 150,000 this year," he said, adding that the crude will likely sell at around dated Brent minus $7.
The project's maximum capacity will be around 300,000-350,000 b/d, the executive said, without specifying a timeframe for launch, saying the entire production and export system is currently undergoing testing.
The oil official said he was hopeful Petrodar production could reach 250,000 b/d this year.
Sudan's bedrock of output is the 300,000 b/d of Nile Blend produced from the Melut basin in Heglig, with other fields adding another 30,000 b/d, officials said.
This year, an extra 80,000 is scheduled to come from block 5a and another 30,000 b/d from block 6.
Petrodar is a joint venture between China National Petroleum Corp. (CNPC.YY), which owns 41% of the venture, Malaysia's Petroliam Nasional Berhad (PET.YY), 40%, Sudan-owned Sudapet Ltd., 8%, China Petroleum & Chemical Corp. (0386.HK), 6%, Al Thani Investments, 5%.

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