Wildcat Petroleum partners with SFF to explore South Sudan oil assets

The collaboration with SFF, a well-established entity in the region, is expected to bolster Wildcat’s strategic positioning and operational capabilities in the South Sudanese oil sector

By Lodu William

Strategic Fuel Fund Association (SFF) to evaluate and potentially acquire petroleum assets in South Sudan previously held by PETRONAS.

According to the statement released by the UK-based company, the agreement followed a previous Memorandum of Understanding with Nilepet, which signified Wildcat’s commitment to expanding its operations in South Sudan.

The collaboration with SFF, a well-established entity in the region, is expected to bolster Wildcat’s strategic positioning and operational capabilities in the South Sudanese oil sector.

Wildcat Petroleum Plc operates in the oil and gas industry, focusing on the exploration and acquisition of petroleum assets.

The company is actively seeking strategic opportunities in South Sudan, leveraging partnerships to enhance its market position.

In August 2022 the Malaysian oil giant Petronas withdrew its operations from South Sudan, citing government obstruction of its asset sale.

A planned sale of the entire oil and gas business in South Sudan to Savannah Energy plc, a British energy company, for up to US$1.25 billion was scrapped as both parties could not complete the deal based on the envisioned terms.

Petronas held substantial interests in three joint operating companies in the country, covering 64 producing fields with an average gross output of 153,200 barrels of oil per day in 2021.

The company’s partners in these ventures included China National Petroleum Corp, Sinopec, India’s Oil and Natural Gas Corporation Ltd, and South Sudan’s national oil company, Nilepet.

Their departure marked a significant blow to the country’s oil industry, now struggling with environmental concerns and economic decline.

South Sudan’s oil sector, the government’s primary source of revenue, has faced a sharp decline in production, at the time of independence in 2011, the country was producing 300,000 barrels per day.

However, the production capacity has decline, taking a major blow from the ongoing war in Sudan, which disrupted production and led to a temporary halt, only to resume early this year.

The company is actively seeking strategic opportunities in South Sudan, leveraging partnerships to enhance its market position.