Sudan Block 5B:NilePet is in, Ascom is out
For those of you who haven't read the financial reports from Lundin will you you a short resume about the situation in Sudan and Block 5B:
From the Q2 report: "We have been asked by the National Petroleum Commission to accommodate the national oil company of the Government of Southern Sudan, “NilePet”, with a 10 percent interest in Block 5B. Whilst this will involve a small dilution to our working interest in Block 5B we welcome Nilepet to the consortium. We believe that the decision of the National Petroleum Commission and the presence of both Sudapet (the oil company of the national Government) and Nilepet in the consortium will allow us to realise the excellent potential of this Block."
In the Q3 report: "Whilst we have agreed to accommodate the national oil company of the Government of Southern Sudan “NilePet” into the Block 5B consortium we have not yet completed the documentation in this respect"
And more from the Q3 report: "There have been various press comments in relation to the status of the Comprehensive Peace Agreement in Sudan between the southern and northern governments and how this may affect oil exploration and production activities. There is a possibility that these ongoing discussions may result in delays to the commencement of our exploration drilling programme." lundin-petroleum.com lundin-petroleum.com
Yesterday this was published in the Sudantribune: "According to the peace agreement, the two sides must withdraw their armed forces respectively to the north and south of the 1956 lines, to leave the oil production zones as well as other strategic areas to be safeguarded by the joint forces.
The northern Sudan army Wednesday completed a redeployment of its troops from southern Sudan in accordance with a 2005 peace deal that ended more than two decades of north-south Sudanese civil war.
In a celebration ceremony held at Rabkona, a small town in the Unity State in southern Sudan, a flag of the Sudanese Armed Forces (SAF) on the top of a pole was replaced by a flag of the joint forces of the SAF and the former rebel Sudan People’s Liberation Movement (SPLM).
"We announce today a completion of the re-deployment of the Sudan Armed Forces (SAF) from all the regions (in the south) according to the security arrangements of the Comprehensive Peace Agreement (CPA)," Sudanese Minister of Defence, Abdelrahim Mohamed Hussein, declared at the ceremony; the official SUNA reported.
The minister of defence described the redeployment completion as "a historic event," adding that it coincided with the third anniversary of the signing of the CPA.
He stressed the importance of a peaceful coexistence of tribes on both sides of the boundaries between northern and southern Sudan, which is well-known as the 1956 lines.
The Sudanese minister also expressed his confidence on the strong will of the two peace partners to fully implement the CPA.
Pagan Amum, the minister for cabinet affairs and secretary general of the SPLM, who attended the ceremony announced that the SPLM finished on the same day the withdrawal of its forces from the Blue Nile and South Kordufan areas north of the 1956 lines, SUNA said.
He noted that the redeployment of the forces of the two sides represented a major step in the establishment of peace, adding that the redeployment was a fruit of serious and continuous work done by the political leadership of the two partners." sudantribune.com
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