the sudan national petroleum corporation , also known as sudapet , is a state-owned oil company based in sudan .

it was founded in 1997 and is 100 % owned by the ministry for energy and mining .

as of 2006 sudapet is not active in oil exploitation , but rather serves to manage revenues the sudanese government receives from its concessions to foreign operators .

at the same time there have been efforts within the government and among the company 's principles to develop the resources and know-how to transform sudapet into a fully self-sufficient enterprise in the oil exploitation space .

sudapet

owler has collected 12 screenshots of sudapet ' s website since jun 2015 . the latest sudapet website design screenshot was captured in sep 2017 .
the owler community has estimated the number of employees of sudapet to be one .
paper sudapet fix siap print . docx | petroleum reservoir | rock ( geology )
“petroleum geology and resources of the . . . - sudapet book project | facebook
sudan accuses south of seizing sudapet’s shares
sudan tribune , 17 november 2011 .
the owler community has estimated the revenue of sudapet to be less than $ 1m .
he stressed that the contracts of the sudan with international oil companies stipulated obtaining a percentage of revenues payable to sudapet . marawih said that kiir’s directive overlooks the fact that sudapet does not belong to south sudan .
sudapet is involved in seismic data acquisition and processing , reservoir characterization , and exploration and field development studies .
the spokesperson stressed that south sudan must compensate sudapet saying the value of the shares amounts to $ 2 billion .
sudapet management in visit to kl , malaysia , may 2016 . signing of mou with gts / creative engineers + more
the sudanese official said that they have received a formal notification on the move by sudapet’s deputy general director ali farouq .
sudapet , established in time of peak activities in sudan with technical and economical strategies as integrated part to petroleum industry in sudan .
however following the secession of south sudan from sudan in 2011 , the sudanese government accused south sudanese president salva kiir of confiscating shares in sudapet by ordering the transfer of shares to nilepet . sudanese officials claim that sudapet does not belong to south sudan and argued that south sudan should compensate sudapet to the tune of $ 2 billion , which they considered the value of the shares . [ 4 ]
according to a 2011 report by integrity research and consultancy , while the management of some consortia in south sudan was at the time held by the khartoum government through sudapet , this anomaly would be addressed by ongoing abyei talks , after which a handover from sudapet to nilepet would occur . [ 3 ]
sudapet did not respond to : ngos report on alleged complicity by oil companies in human rights abuses during sudan ' s civil war , 1997 - 2003 .
as of may 2012 sudapet had stakes in all producing projects in south sudan , whereas south sudan ' s state oil company nilepet did not . [ 4 ]
sudan’s state - owned oil firm sudapet has stakes in all producing projects in south sudan , whereas south sudan’s company nilepet is not currently present in these projects .
what a hell sudan is doing ? if the south going to compensate sudapet’s with $ 2 billion , then north sudan must compensate the south with $ 10 billions . thank
sudapet , registered in sudan as national oil company in 1997 as petroleum exploration and production ( e & p ) business entity . wholly owned by the ministry of petroleum in sudan
during 2009 - 2010 sudapet had solely taken the challenge of exploring this frontier play , the comprehensive study which engaged the canadian expertise in the subject , resulted in resource - base incremental in tcfs of hiip , block # 8 has been upgraded consequently . the study considered as the first of its kind in sudan and sudapet staff had the opportunity to master this kind of studies and hands - on experience . the database collected during the project enabled sudapet to have better understanding of the block and to build its own petroleum system model .
technical data and relevant published works on the petroleum geology of the sudan and africa were collected and gathered and displayed in the reading room in sudapet premises to be easily accessed by authors .
according to the energy information administration ( eia ) , sudapet remains a minority shareholder in joint ventures ( jvs ) with foreign companies due to its limited expertise and financial resources . [ 5 ]
november 17 , 2011 ( khartoum ) – the sudanese government on thursday blasted what it claimed was a decision by south sudan president salva kiir to confiscate shares of its state oil firm sudapet .
asawer oil & gas co . is an epcc national contractor founded to play a major role in the oil & gas market adopting the following objectives and strategies in line with sudapet strategy to :
( to evaluate its petroleum potentiality ) : sudapet intend to conduct surface geochemical survey in the salima basin , onshore sudan to determine if the salima basin contains a working petroleum system . to achieve this objective , sudapet intend to survey for active hydrocarbon seeps by testing shallow soil vapour and microbial samples for anomalies caused by migrant hydrocarbons , if possible to include an evaluation of thermal maturity and hydrocarbon type .
sudapet co . ltd is a company incorporated under the laws of the republic of the sudan . sudapet was set up in the year 1997 with an aim of becoming a spearhead national company and a strong technical and commercial arm to the government . it is to take charge of developing the oil industry , avail and train capable technical cadre with the objective of transferring the technical know - how of this business to sudan .
gas projects sudapet company launches gas directorate . currently , in 2016 will start two major projects for gas utilization ( fuel gas for alfula power plant ( 405 mw ) , and gtl project ) . these… + more
sudapet and pertamina jointly implement ( eor ) pilot project of chemical injection ( semar ) to enhance and increase the recovery factor in bamboo field ( block 2a ) . sudapet staff started the implementation phase on the 2 nd week of july 2012 , for three wells ( baw - 23 , baw - 27 and baw - 21 ) under direct supervision of sudapet acting president & ceo . injection in two wells was finished ; currently the third well is under processing ( july 2012 ) . production from baw - 23 expected to start on aug , 2012 , then monitoring the well and the surrounding wells for three months to evaluate the pilot project .
the other stakeholders in block 2b include china national petroleum corp ( 40 % ) , sudapet ( 5 % ) , and india’s ongc videsh ltd ( ovl ) , which owns 25 % of the asset , the article said .
we appreciate the fact that wnpoc [ white nile ( joint venture petronas and sudapet ) ] finally has decided to address the public concerning the contamination of drinking water in its area of operation . after having seen the first analysis of water . . .
sudapet company launches gas directorate . currently , in 2016 will start two major projects for gas utilization ( fuel gas for alfula power plant ( 405 mw ) , and gtl project ) . these projects will be the first gas utilization projects in sudan .
sudapet is not a private company , it has benefited immensely from the kick backs it got from the oil industry of old sudan , it sounds like the ncp were trying to hoodwink goss . am sure those shares wont be transfered if its not legal .
the u . s . government had been highly critical of canadian involvement in sudan oil development and in february 2000 the u . s . treasury announced that american persons were forbidden or outlawed to do business with the greater nile petroleum operating company ( gnpoc ) and sudapet .
sudapet , the sudanese petroleum company , was established in 1997 with the mandate of taking full charge of the national oil industry and to provide training to oil industry employees . [ 1 ] it is headquartered in khartoum and operates in partnership with many international oil and gas companies . [ 2 ]
as of 2012 sudapet held a stake in a series of joint ventures ( jvs ) , including a 5 percent stake in the greater nile petroleum operating company ( gnpoc ) , an 8 percent stake in petrodar and an 8 % stake in the white nile petroleum operating company ( wnpoc ) .
stop dreaming - the facilities and pipeline belong to sudan . keep your sudapet shares - its not worth anything soon . production is going to drop anyway . you should pay the north for discovering the oil , drilling it and exporting while you sat lazily drinking marisa under the tree . waste of human being .
related stories : soudan : l ' exploitation du pétrole par white nile petroleum / petronas pollue l’eau , nuira à la santé d ' environ 300 . 000 personnes , selon un rapport d’ong - l ' entreprise répond sudan : german ngo says white nile petroleum operating ( joint venture petronas , sudapet ) contaminating drinking water
sudapet book project was initiated in 2010 ; based on published , unpublished data and reports , of major global scientific value as an updated reference source on the petroleum geology , petroleum systems and petroleum resources of the sudan . it was published in november 23 rd , 2015 in khartoum , unctad conference ( urltoken ) .
once a theif always a theif ! sudapet is a company and has shares in the consortioum just like nilepet . there are laws and regulation - a country can not just take a company’s share and give it away . but i suppose thats normal for the splm and their jungle ways . close the pipeline - close the pipeline - close the pipleine - let them shower with the oil .
forget mr . omer with your greedy government of north . the pipeline was constructed with the south sudan’s share in the national bugeting . what compensation are you still searching for ? guys , sudapet wanted to consume us directly because they are lacking resources since they left with only 25 % . that is the only reason for this nonsensical but we can not aggree . 2billion is not acquired on the road .
development and production , chevron suspended operations in 1984 , and their concession was later divided into smaller units . in 1992 gulf petroleum corporation - sudan ( gpc ) was awarded the melut basin – blocks 3 and 7 . gpc was owned 60 % by qatar’s gulf petroleum corporation , 20 % by sudapet and 20 % by a company owned by the national islamic front ( nif ) financier mohamed abdullah jar al - nabi .
sudapet and all other national companies will oil shares in the oil mining must be all under the jurisdiction of rss . we do not need to pay anything to north sudan at all , instead they owe us billionaire of dollars for almost century leave alone decades of underdevelopments of south sudan . rss does not need to share also in the repayment of sudan debts . it is upto north sudan to pay it on her own .
knowledge as ancient concept is used for leading decision making and projects set up . the possessed efforts in different projects conducted in oil sector resulted in a huge amount of data and knowledge within different types of handling media , where needs of knowledge sharing is raised and considered as one of the main objectives of the companies . the recognition of the sudapet company as a national company in this fields tends to set a framework for experience and knowledge sharing in a proper and scientific manner . this paper explores the methods used in sudapet co . to frame the activities for knowledge sharing and setup the framework for the oil industry in sudan . the key success factors are discussed such as top management support as well as the staff commitement . several knowledge sharing techniques have been embedded into the framework to support ceating a learning organization . in addition , the challenges which have been facing the implementation of this framework have been highlighted .
in february 1997 , lundin signed an agreement with the government of sudan to search for oil in an area called block 5a , in the southern part of sudan , an area which today belongs to the independent state of south sudan . shortly after the agreement was signed , we formed a consortium with companies from austria ( omv ) , malaysia ( petronas ) and sudan ( sudapet ) . the consortium worked together until we divested our interest in block 5a to petronas in 2003 .
muglad basin integrated study is a big project compiling and integrating all the seismic and wells data for the concession areas over the entire muglad basin . the project was commenced on may , 2012 establishing a regional seismic project as a basis for a multi phases study . the objectives of the study is ; to fully understand muglad basin tectonic evolution , evaluate and validate the gas potentiality in muglad basin , look for new potential area’s for hydrocarbon exploration , the estimated period to achieve the scope of this project is around one year , as a different outputs will be performed during the course of the project , to assist sudapet in efficiently manage its shares in existing epsa’s .
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the southern sudan referendum act stipulates…two key points regarding the petroleum sector…oil fields , production , transport and export of oil ; and…contracts and environment in oil fields…this document identifies key issues affecting the petroleum . . .
having avoided sudan for almost a decade . . . any western oil companies wishing to reengage in the region . . . will have several thorny problems to tackle . . . first , firms will have to navigate the tense and complex muddle of two states still sharing one . . .
. . . [ the ] institute for human rights and business . . . and cda deemed it critical that the “green flags” guidance is . . . informed by the perspectives of those whose rights are impacted by business operations . . . cda has undertaken an initial exploration of . . .
foreign and domestic oil companies will be asked to join the next round of revenue - sharing talks between sudan and south sudan , a top mediator for african union - led negotiations said wednesday . . . companies invited to attend include nile petroleum . . .
the oil & gas industry has a vital role to play in africa’s development . but too often exploration and extraction are linked to human rights abuses against local residents , oil & gas revenues prop up repressive governments , and the promise of . . .
disclaimer : business & human rights resource centre and its collaborative partners take no position on the diverse views presented in linked material by the various commentators , organizations & companies . as with any database , we cannot guarantee the factual accuracy of all the articles & reports we make available .
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blue nile processing nile processing company ( bpc ) , for processing seismic data .
implementing corporate social responsibility in south sudan
integrity research , october 2011 .
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we the willing , led by the unknowing , are doing the impossible for the ungrateful . we have done so much , with so little , for so long , we are now qualified to do anything , with nothing
by konstantin josef jireček , a czech historian , diplomat and slavist .
lightning kills an entire football team in drc congo while their opponents were left completely untouched .
peace is not a beast : it is an opinionated pathway for constructive engagements .
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when trump arrives in belgium , everyone will be cheering . but not for him . quentin ariès
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abyei addis ababa addis ababa ethiopia aggression pact alan boswell al bashir and south sudan ban ki moon blue nile bor dinka chief negotiator corruption in south sudan david aoloch dinka doctors without borders dr . john garang ethnic violence government of sudan human - rights implementation panel isaiah abraham israel john garang jonglei juba juba south sudan juba sudan kenya khartoum government khartoum sudan lam akol liberation army lou nuer murle nairobi kenya national congress party northern neighbor northern neighbour nuba mountains nuer nuer tribe oil pipeline omar al bashir omar hassan paanluel wel pagan amum politics port sudan president bashir president salva kiir raila odinga religion republic of sudan republic of the sudan riek machar salva kiir southern kordofan southern sudanese south sudan south sudanese splm splm / a sudan sudanese army sudanese citizens sudanese government sudanese oil sudanese president sudanese refugees sudan government sudan tribune tears ayuen tribal violence upper nile world food program
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july 23 , 2017 ( ssb ) — the adar ( wuna’mom ) county is the newly created county in northern upper nile state . the adar oilfield , also known as the adar yol , in the 1990s the name yol was added by former commissioner of northern upper nile county late honorable ustaz : chuai deng yol . former northern upper nile county was component or constituent of melut , maban and renk as hq . adar ( wuna’mom ) county currently is known as adar 1 & 2 and it’s block ( 3 ) of oil field production , is an oilfield situated in the melut basin or bowl in south sudan estimated to contain about 276 million barrels ( 43 , 900 , 000 m 3 ) of oil .
the chevron corporation discovered adar ( wuna’mom ) field in 1981 , shortly before the start of the 2 nd sudanese civil war ( 1983 - 2005 ) . soon after chevron had suspended operations in 1984 , sudanese government troops began attacking civilian settlements in the area , burning the houses and driving the people away , and in the late 1990s , nuer militias from nasir helped the army in clearing away the people to make way for the roads and infrastructure of the oilfield .
president omar al - bashir inaugurated the site in march 1997 , and it initially produced just 5 , 000 barrels ( 790 m 3 ) a day . production from this oilfield , which lies close to the borders with sudan and ethiopia , has the potential to bring significant economic benefits to the region . however , until recently the focus has been on clearing the population away from the oilfield rather than on a longer term strategy for developing the region . china has provided a large investment in adar oilfield of former melut county and others in south sudan and sudan and has made plans to make extensive further investments .
contextual and location , adar ( wuna’mom ) is an area east of former melut county , which lies on the river nile in former upper nile state and to the north and northeast is maban county . the duki area , which drains the river yaal , flows through the villages to east direction to chatony village , majak , achuar , nyagoka , koor adar ( galdora ) , tham - ngool , bulij , makher , miyakol which it reaches just overhead to koor machar through maiwut and nasir from duki area of former melut county .
the river yaal swamps lie in a triangle north - south of the sobat river and east of the river nile . when flooded during the wet season , they extend for 6 , 500 square kilometers ( 2 , 500 sq mi ) . the swamps and marshes are fed by local rainfall and by many small torrents or fast - moving water from the ethiopian foothills , which extend for 200 kilometers ( 120 mi ) along the eastern border , and by spill water from channels of the sobat river .
discharge from the swamplands along the yaal river is low except in years with exceptionally heavy rainfall . most of the water is lost through evaporation before reaching the nile . it has been proposed to build a canal from koor machar via adar to the river nile to increase the volume of water flowing to northern sudan and egypt , which apparently could be done without major environmental impact , but political instability has prevented the project from starting .
the chevron corporation discovered the adar yol ( wuna’mom lual aguei ) field in 1981 , shortly before the start of the 2 nd sudanese civil war ( 1983–2005 ) . four exploratory wells had flow rates that exceeded 1 , 500 barrels ( 240 m 3 ) a day . the oil is alleged in the yabus formation sandstone from the paleogene age . the field has an area of about 20 square kilometers ( 7 . 7 sq mi ) but the average pay zone is only 2 . 9 square kilometers ( 1 . 1 sq mi ) .
initially the field was estimated to hold 168 million barrels ( 26 , 700 , 000 m 3 ) , but seismic data acquired in 2000 pushed that up to 276 million barrels ( 43 , 900 , 000 m 3 ) . also , three small oil pools were discovered south of adar - yol with another 129 million barrels ( 20 , 500 , 000 m 3 ) . chevron started to pull out of sudan in 1984 when three of its employees were killed , finally selling all of its sudanese interests in 1992 .
the gpc consortium was reported to have invested us $ 12m in developing the adar yol field . in october 1996 gpc began to drill and reopen chevron’s wells and to build an all - weather road connecting adar yol to the garrison or barrack town of melut .
president omar al - bashir inaugurated the adar yol site in march 1997 . at first , production was just 5 , 000 barrels ( 790 m 3 ) a day , taken by truck to melut town and then by barge down the nile to khartoum for export . although export volumes were tiny compared to the field’s potential , it was the first sudanese crude to be exported and therefore had symbolic significance .
in march 2000 fosters resources , a canadian company , signed an agreement with the government of sudan to develop the concession or business that covered most of the melut basin , including the adar yol field , in partnership with a consortium of arab and sudanese companies . fosters was forced to withdraw in may 2000 when its financial backing collapsed due to pressure from human rights groups .
petrodar was incorporated in october 2001 owned 41 % by china national petroleum company ( cnpc ) and 40 % by petronas of malaysia . petrodar implemented major upgrades to the oil development infrastructure , including 31 , 000 - barrels ( 4 , 900 m 3 ) a day production facilities at the adar yol ( wuna’mom ) field , now largely cleared of its original inhabitants . in november 2005 cncp brought the petrodar pipeline into operation , linking blocks 3 and 7 ( adar yol and paloch fields ) to port sudan on the red sea . the pipeline has throughput of 150 , 000 barrels ( 24 , 000 m 3 ) per day , and maximum capacity of 500 , 000 barrels per day ( 79 , 000 m 3 / d ) .
by january 2007 combined output from blocks 3 and 7 was 165 , 000 with potential to reach a peak of 200 , 000 barrels per day ( 32 , 000 m 3 / d ) by late 2007 . by 2009 , the two blocks were producing close to 240 , 000 barrels per day ( 38 , 000 m 3 / d ) of dar blend . because this blend of crude oil is heavy and highly acidic , it fetches lower prices than benchmark crudes such as brent or minas .
adar is predominantly inhabited by the dinka people of melut , who mainly cultivate crops and raise cattle . many of the dinka use riverine or riverain pastures along the east bank of the river nile , but in dry seasons can usually find alternative pasturage along the miyakol , bulij , tham’ngool , koor adar ( galdora ) and to the west of duki area and on the edges of the marshes . the county is well suited to cultivation of crops watered by rain .
rapidly after chevron had closed operations , government troops began attacking civilian settlements in the adar ( wuna’mom ) area , burning the houses and driving the people away . this resulted in many deaths . in the late 1990s , nuer militias from nasir together with chaai ( maban ) helped the army in clearing away the dinka melut people to make way for the roads and infrastructure of the oilfield . aid workers were also targeted in attacks , with ngo compounds , farm supply distribution centers and primary health care centers vandalized and destroyed .
one estimate is that 12 , 000 people were forced to move in 1999 - 2000 while the all - weather road was being built between melut , paloch and adar ( wuna’mom lual anguei ) . another source said church leaders reported that government militias burned 48 villages and displaced 55 , 000 people in the adar area in 2000 . according to international relief and development agency ( ird ) director derek hammond , the areas around adar contained “fields of destroyed crops with evidence of sorghum as type of food , a handful of local people scratching around in a swamp for something to eat” .
in july 1996 the government of sudan attacked sudan people’s liberation army ( spla ) positions at delaal ajak , west of the river nile . their goal was to secure passage for barge shipments of oil from adar - 1 ( wuna’mom ) field . in november 1996 , spla leader late dr . john garang gave warning that his forces would attack adar yol ( wuna’mom ) oil field . in june 1998 the spla captured the town of ulu in blue nile , close to the adar yol field , and in march 1999 the spla 13th battalion defeated a government brigade at the town . with this victory , the adar yol oilfield was within range of the spla’s artillery .
in april 2001 a russian - made antonov airplane broke in two after it skidded off the runway at adar yol or adar ( 1 ) ( wuna’mom ) , apparently due to a sandstorm . the crash killed sudan’s deputy defense minister , colonel ibrahim shamsadiin , and 13 other high - ranking officers who had been touring the southern military area . 16 people survived the crash . a spokesman for the spla denied responsibility for the accident , saying they did not have forces in the area .
the sudanese civil war officially ended in january 2005 , and the juba declaration of 8 th january 2006 laid out the basis for unifying rival military forces in south sudan . gordon kong chuol , deputy commander of the south sudan defense forces ( ssdf ) , which had been supported by the government of sudan , resisted the merger . his core faction , the “nasir peace force” was based in the village of ketbek , just north of nasir , with 75 - 80 fighters as of august 2006 and perhaps 300 reserve forces in the area .
his position on the border with sudan to the north and near to the functioning adar yol ( wuna’mom ) oilfield was sensitive . in july 2006 , four busloads of ssdf recruits arrived in the area from khartoum . in august 2006 there were reported to be 300 - 400 active ssdf militiamen in the adar area .
china has provided a large investment in the adar oilfield and others in south sudan , as well as in oilfields in sudan , and in the pipeline to port sudan . china established a consulate in juba in september 2008 and upgraded it to an embassy in november 2010 . china has made plans to make significant investments in south sudan . a pipeline to the kenyan port of lamu was discussed which could provide an alternative route if sudan chooses to close the northern pipeline . it is in china’s interest to resolve security problems , and as a major investor and customer of both countries china may have the leverage to achieve this goal .
in response to a statement published by the sons or youth of maban ( chaai ) in al - waton arabic newspaper on the date 20 th june , 2017 and signed by mr . karbino awad regarding adar yol ( wuna’mom ) , it was a fabrication or construction of the untruthful , or untrue , or fallacious or misleading history of an area itself . mr . karbino awad is a goat sent into the wilderness after jewish chief had symbolically laid the sins of the people upon it .
in the 1960s dinka melut were residing in adar ( wuna’mom ) as an area of raise cattle and the area itself was well known dahaar by dinka melut and nyiel people in particular . according to the circumstances of the war was disseminated between sudan army forces ( saf ) and anyanya 1 - 2 , maban people were armed by ( saf ) together with nezah the arab pastoralists to illuminate or darken dinka melut settlement and displace them from wuna’mom ( dahaar ) .
in the 1960s maban persons were armed as an elite militias alongside sudan army forces ( saf ) against or contrary to dinka melut people as supporters as distrusted by sudan government on the other hand dinka melut kept vigilant or silence in front of maban and nuer militias from nasir to1990s the late hon . chuai deng yol was appointed as commissioner of northern upper nile county by sudan government as intended to support or implement the khartoum regime policies to operate adar oilfield block 3 to enhance sudan government situation economically . the late chuai deng yol named the area by arabic “daar yol” meant yol’s residence or his grandfather’s residence .
in the 1996 sudan government understood the situation while the oil operations is progressing and spla were nearby just 30kilometers to the west of adar in tham - ngool village along the river yaal threatening oil workers , major thomas biar themi was armed by sudan government and he was allocated with his forces ( difa’shaabi ) mujahadiin in agoordit as strong barrack to secure the road to melut from adar yol also known adaar 1 & 2 . major thomas biar themi , was strong dinka elite militias to sudan government and he mobilized northern upper nile county’s people to join his forces including maban people to protect oilfield block 3 from spla attackers as assumed and many maban people joint major thamas biar and they were given army ranks by then as difashaabi forces ( mujahadiin ) .
i was in adar ( wuna’mom ) as pupil of class four in yasir primary school and colleague mr . deng buny deng duop the newly appoint commissioner of adar ( wuna’mom ) county as pupil too of class two . in the 1996 - 98 uncle chol kon , was appointed as chief of traditional law court in adar yol means adar ( wuna’mom ) originally or in the beginning is belong to dinka melut people .
as it has been stated in a statement that was published on 20 th june , 2017 that yal is a small river from ban gutta or pan gutta is totally a falsehood , or misinterpretation , or fairytale from maban people or so called youth , in ban gutta there is no yaal in maban since they were created by god it’s an small inanition that stored flooded water from blue nile to maban . maban youth are drunken with greedy or gluttonous spirits or morale of shallow minded .
finally , i would like to appreciate the council of states house , national government and government of northern upper nile state for their sensible and positive step of newly created county , adar ( wuna’mom ) . melut community is a peaceful community and will remain or keep on peaceful with those who love peace and stability in the country . only culprits , wrongdoers , and land gravers are zero tolerance if are found .
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although lundin held an interest in block 5a from 1997 to 2003 , field activities only took place during parts of 1998 , 1999 and 2001 . community development and humanitarian assistance efforts were undertaken throughout the period with peace advocacy commencing actively in early 2001 and continuing well after lundin departed from the block in 2003 .
the khartoum peace agreement was officially entered into by the government of sudan and factional groups in parts of southern sudan where oil operations were to take place .
scouting trips were conducted in the area to find potential drilling sites , base camp locations and to assess infrastructure needs .
thar jath rig site was attacked in may and three guards were killed . all seismic and drilling activities were discontinued .
with the exception of a short period in december 2001 , lundin never resumed field operations before it sold its interest in the area two years later .
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due to scheduled maintenance , onepetro will be periodically unavailable between the hours of 6 : 00 am and 10 : 00 am cdt tuesday , 10 july .
some of the onepetro partner societies have developed subject - specific wikis that may help .
petrowiki was initially created from the seven volume petroleum engineering handbook ( peh ) published by the society of petroleum engineers ( spe ) .
the seg wiki is a useful collection of information for working geophysicists , educators , and students in the field of geophysics . the initial content has been derived from : robert e . sheriff ' s encyclopedic dictionary of applied geophysics , fourth edition .
stone - estimation of 3 phase rel perm and residual oil petsoc - 73 - 04 - 06 . pdf
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the concept of producing petroleum geology book for sudan coming in the right time ; to compatible the expectation in producing standards and source of informative book for students , researchers , oil industry practitioners beside the investors .
published by : geozon science media ug ( haftungsbeschränkt ) , pettenkoferstr . 16 - 18 , 10247 berlin , germany .
this project was ended and publish the book in nov . 2015 ( unctad conference khartoum , sudan 22 - 24 nov . 2015 )
the field development plan study will be prepared with objective to conduct static and dynamic models and to formulate a comprehensive development plan for sufyan oil field in block 6 . the geophysical & geological ( g & g ) studies will be carried out and different maps will be produced such as time structure maps , depth structure maps , and average velocity map . petrophysical work ( cut off determination , interpreted plot and evaluation ) , geological work ( stratigraphic analysis , correlation ) and static geological 3d modeling using petrel software . the reservoir analysis will evaluate the rft / fmt , pressure transient analyses , core and fluid analyses to determine reservoir rock and fluid properties . review / analyze well test results ; identify the application of ior / eor technology for sufyan oil field including water , natural gas and n2 plus solvent injection . the simulation studies of field will be carried out based on the static geological model to establish the dynamic model , based on which the remodeling will be concluded .
full field development scenarios review , through reservoir simulation , will be carried out in order to establish sound reservoir management decisions and to minimize risk . in order to achieve the above objectives comprehensive static and dynamic models capable of explaining the reservoir rock and fluid heterogeneities , other finer details and as well as removing or managing the various types of uncertainties , is the starting point . different development alternatives will be evaluated economically in order to propose the best development scenario to be implemented in the field , based on techno - economic basis .
new software technology and experience will be utilized in order to establish and review the conceptual design of the surface and subsurface developments proposed and to show the capital cost ( capex ) and the operating cost ( opex ) profiles associated with the development plan . different oil price models will be used to show the economic viability of the project . all the surface facility design will honor the nearby existing production facility for proper integration . this can be achieved by using new technology and software , multidisciplinary integrated team of field development plan and operation experience to ensure proper reservoir characterization , and safe development and operation , to maximize the net value of the hydrocarbon resources in the field .
sufyan fdp ( surface facilities study ) the main objective is to develop the optimum surface facilities concept ( configuration , designated and treatment ) , to produced liquid ( petroleum ) from all field wells to achieve the required crude oil quality with optimum cost .
1 . utilize local resources in production of the drilling fluids as alternative for the imported drilling fluids .
2 . seek suitable design for the process manufacturing for drilling fluid as product require in the oil market .
this project was started on 24 th of june 2012 . the main objectives of this study is to collect , qc and integrate all existing data to come up with maximum benefits , new ideas and findings , to reduce exploration risk through the identification of the most favorable areas for petroleum accumulations through the understanding of the petroleum system , to conduct fast track fdp based on 3d seismic - rawat central sub - basin - to come up with possible development scenarios and reduces the hydrocarbon initial in - place ( hiip ) uncertainties . this study shall add oil resources to the country and eventually increase sudan production to minimize the impact of the production loss .
the objective of the above study is to integrate data of the red sea blocks 13 & 15 to come up with a better understanding of the geology , the tectonic setting and the depositional environment of the sudanese red sea . the scope of work of this study will include ; seismic interpretation , basin modeling , petrophysical evaluation , prospect risking and ranking evaluation , reserve calculation , resource assessment and engineering study of the drilled wells .
duration the phase i of this study which started early june 2012 , is the data reviewing and validation which will be completed end of august . phase ii will cover the missed parts or shallow covered parts of the scope of work and integration of the data which will be timely estimated after the completion of phase i .
delays , deferments or revisions loom over several largescale petroliam nasional bhd ( petronas ) projects in malaysia and abroad , after the national oil company noted in a memo it plans to cut rm50 billion in spending over four years .
a delay , revision or “altogether” abortion of petronas’ c $ 36 billion ( rm108 billion ) canada lng project is possible , aminvestment bank bhd said in a wednesday report .
gas prices have trended “worse than before , ” one analyst said . late last year , petronas called off the tender for the kasawari field development , the only contract worth over a billion us dollars offered for that year .
kasawari is a major natural gas discovery with over three trillion cu ft of gas reserves with first gas initially targeted for late 2018 . aminvestment bank believes the project will be delayed .
petronas is also expected to shelve a project in terengganu , a source with knowledge of the matter told the malaysian reserve ( tmr ) .
while the source did not have specific details , it is believed the project is likely to be the pm9 enhanced oil recovery ( eor ) project , which targets a reserve of three billion cuft of gas and 70 million barrels of oil .
a substantial eor contract for pm9 was supposed to be awarded to petra energy bhd and coastal energy co in 2014 , but talks were extended after oil prices plunged .
it had also been reported the eor for pm9 was only viable if oil prices stood at us $ 100 / barrel .
oil prices fell to us $ 27 . 29 a barrel at one point yesterday , trading close to 12 - year lows .
petronas is unlikely to proceed with eor and marginal field projects such as pm9 , given the higher costs of drilling from the assets , said aaron tan , an oil and gas ( o & g ) analyst at midf research .
“it’s just not doable now ( due to low oil prices ) , ” tan said .
instead , the company will likely look at ways to enhance production from existing shallow fields , which make up around 70 % of current production levels , another analyst at a local bank said .
the national oil company will likely look for possible revisions to the design of its two floating liquefied natural gas ( lng ) platforms , which are currently being constructed in south korea by a consortium led by samsung heavy industries .
“it will definitely revise the designs for the platforms . petronas could even ask the koreans to reduce the costs on certain segments of the platform .
“lng projects are expensive , and involve a lot of planning ahead , ” one o & g analyst at a top investment bank said . o & g contracts offered by petronas fell to their lowest in seven years in the fourth - quarter of 2015 , according to data compiled by aminvestment bank .
o & g service providers like umw oil and gas corp bhd a nd perisai petroleum teknologi bhd are expected to face rising challenges this year with petronas likely to ask for a reduction “on top of the previous cuts , ” one analyst told tmr .
“during the previous price plunge , petronas tried to help local players at least reach the breakeven level . now , things have changed , ” the analyst said .
petronas’ operations in sudan could also be at stake , due to the high risk nature of the operation , a source with knowledge of the matter said .
indian newspaper the economic times yesterday reported sudan was seeking the renewal of licence for block 2b , a 50 , 000 barrels per day asset , of which petronas holds a 30 % stake .
the cash - strapped sudanese owe us $ 240 million to ovl in oil dues , and yesterday it offered the indian national oil company three more blocks for exploration and production .
the article did not mention whether the sudan government also had outstanding dues with petronas .
the sudan government asked ovl to buy a stake in another asset , the producing block 17 , as well as pump from the three new blocks to recoup the dues , the article noted .
misc secures rm1 . 8b charter contract by tmr misc bhd has secured a longterm charter contract worth us $ 441 million ( rm1 . 78 billion ) from hess exploration and production . . . more kub exits f & b , sells a & w franchise for rm34m by mark rao / graphic by tmr kub malaysia bhd intends to sells its stake in a & w ( m ) sdn bhd to inter mark resources sdn bhd for . . . more proton’s sales jump 50 % in june after zero - rated gst by rahimi yunus / pic by tmr file proton holdings bhd recorded a 50 % surge in sale in june as a result of the zero - rated goods and . . . more mbm continues to lead in premium car segment the company is planning more than 5 launches in 2h18 , according to its vp by kevin wong / pic by muhd amin naharul . . . more
misc bhd has secured a longterm charter contract worth us $ 441 . . .
the company is planning more than 5 launches in 2h18 , according to its vp . . .
according to sudan foreign ministry spokesperson al - obaid marawih , kiir ordered that the shares be transferred over to nilepet which is south sudan’s state oil company .
marawih urged south sudan to reconsider the decision , warning of its negative impact on the path of negotiations between the two nations on post - secession issues that are held under the auspices of the african union ( au ) .
south sudan seceded from the north on july 9th , the culmination of a 2005 peace deal that ended decades of civil war . north sudan lost 75 percent of its 500 , 000 barrel - a - day oil production after the south became independent , but oil is still flowing through its territory to reach buyers .


algebris investments llp is a london-based asset management company which specialises in the global finance sector .

sam jones of the financial times named it as " one of london 's best-known hedge funds " .

in december 2010 it managed $ 1.4 billion in funds .

the algebris coco fund , which manages $ 900m , is up 45 per cent for 2012 , according to an investor – more than 10 times the average hedge fund – thanks to its investments in so-called cocos , or contingent convertibles – instruments designed to help banks stabilise their balance sheets .

algebris was founded by davide serra ( from genoa ) , a former analyst with morgan stanley , and frenchman eric halet , a fund manager for wellington investments , in early 2006 .

seed capital came from the children 's investment fund foundation 's chris hohn , who holds a 22 per cent stake .

it has offices in london and singapore .

the flagship algebris global financials fund launched in october 2006 .

algebris subsequently launched the algebris emerging markets financials fund in january 2010 , a ucits version of the flagship fund in january 2011 , the algebris financial coco fund in march 2011 and a ucits version of this strategy , the algebris financial credit fund in august 2012 .

key partners include massimo massimilla , at algebris since inception , responsible for investments and clients in europe , latin america and turkey .

algebris

algebris ( uk ) limited is authorised and regulated by the financial conduct authority and operates in italy through its milan branch . algebris investments ( us ) inc is a sec registered investment adviser . algebris investments ( asia ) pte ltd is a licensed fund management company with the mas .
algebris ( uk ) limited is authorised and regulated by the financial conduct authority and operates in italy through its branch , located in milan . algebris ( uk ) limited is authorised and regulated by the financial conduct authority . algebris investments ( us ) inc is a sec registered investment adviser . algebris investments ( asia ) pte ltd is a licensed fund management company with the mas .
algebris has altered its position on jpmorgan chase & co . it sold 12 % of its holdings , but algebris also bought a call option on 765 , 000 shares of jpmorgan , more than the amount it had sold off .
founded by ceo davide serra in 2006 , algebris maintains offices in london , boston , singapore , milan and luxembourg .
for more details on algebris and receive further details you can contact us at algebrisir @ urltoken . com we will respond as quickly as possible .
made to the sec , algebris investments owns a total of 20 stocks , valued at approximately $ 500 million at the end of the second quarter . the fund
' s in international management . algebris is a long / short equity fund that focuses on long - term opportunities mostly in financials with a three year horizon or greater . algebris lost around 32 percent in 2008 , gained 31 % in 2009 . the fund also returned 9 . 3 percent during the first 10 months of 2010 .
alberto gallo , algebris investments portfolio manager , discusses positioning for a market where yields will rise . he speaks on
bloomberg surveillance .
( source : bloomberg )
algebris investments focuses on long term investment opportunities and we are confident that they will manage to beat the market in the long run as they have over the past few years .
algebris maintains established relationships with a global base of institutional and private investors , encompassing insurance companies , pension funds , sovereign wealth funds , corporations , private banks and family offices .
alberto gallo , partner and portfolio manager at algebris investments , presented at the bocconi university a lecture on
escaping the qe infinity trap
. to view the presentation please click here .
at algebris , we aim to pursue the best outcomes for our investments and to comply with the highest industry standards , whilst ensuring full alignment of interest with our investors . discover more about us .
s holdings have declined by about 16 % since the end of the previous quarter ( $ 579 million , 1q2011 ) . algebris has sold 6 positions as well as one call option and one put option since the previous quarter ( 1q2011 ) , but it has added ten positions as well as one call and one put option , increasing the number of its positions significantly . a summary of algebris investment
algebris investments is a global asset management company embracing long - only , hedged and private debt investment strategies . the firm has traditionally invested in the capital structure of financial institutions across equity and credit , with a unique specialisation in the global financial sector . we recently expanded our expertise into global credit in order to uncover unique value opportunities . with respect to private investments , algebris focuses on non - performing loans secured by real estate assets in italy . our strategies are primarily grounded in fundamental , bottom - up research processes , in combination with rigorous portfolio construction and risk management methodologies . founded by ceo davide serra in 2006 , algebris maintains offices in london , boston , singapore , milan , luxembourg and tokyo .
alberto gallo , portfolio manager at algebris investments , and julian chillingworth , chief investment officer at rathbone unit trust management , discuss china ' s response to u . s . tariffs . they speak on
bloomberg surveillance .
( source : bloomberg )
' s chris hohn . hohn has a 22 % passive stake in algebris . halet got his mba from the university of pittsburgh and was previously a global industry analyst at wellington management . serra was the former head of european banking research at morgan stanley and holds a cems master
davide serra , chief executive officer and founder at algebris investments , discusses various markets and his thoughts on investing . he joins bloomberg ' s erik schatzker on
bloomberg markets
at the world economic forum ' s annual meeting in davos , switzerland . ( source : bloomberg )
davide serra , chief executive officer and founder at algebris investments , discusses why bridgewater associates founder ray dalio is going to lose money on italian banks . he speaks with bloomberg ' s francine laqua on
bloomberg surveillance .
( source : bloomberg ) ) for more information click here .
alberto gallo , portfolio manager at algebris investments , and athanasios vamvakidis , head of g10 fx strategy at bank of america merrill lynch , discuss french president emmanuel macron ' s trip to china and what it may mean for trade between the two nations . they speak with francine lacqua on
bloomberg surveillance .
( source : bloomberg )
in the personal office gym of davide serra , chief executive of algebris , there is a photograph of him standing on the razor - edged peak of the 12 , 500ft aiguille de la republique . tiny , in a red windcheater , he grins , dwarfed by the mountain ranges around him . “i put it up there to remind me that i have to keep training and…
london , united kingdom ( november 22 , 2017 ) : algebris has appointed abbas ameli as portfolio manager . he will be working alongside the macro team led by alberto gallo , together with portfolio managers aditya aney , tao pan and macro analyst pablo morenes . abbas joins from amundi , where he was a portfolio manager covering emerging market bonds and currencies . alberto gallo said : “abbas’…
alberto gallo , algebris portfolio manager and head of macro strategies , spoke with bloomberg ' s anna edwards and manus cranny about rising geopolitical risks , iran ' s nuclear deal and europe ' s growth on bloomberg tv . click below to watch the video . he also discussed monetary policy normalisation , brexit and uk growth risks on bloomberg radio : click here to listen to the audio .
gain access to global coverage from local journalists on the ground in 50 + countries working around the clock to break news , analyze , spot risks and opportunities .
markets data delayed by at least 15 minutes . © the financial times ltd 2018 . ft and ‘financial times’ are trademarks of the financial times ltd . the financial times and its journalism are subject to a self - regulation regime under the ft editorial code of practice .
s largest activities in the last quarter was the sale of over 1 . 5 million shares of banco santander brasil , which lost 9 . 2 % of its value over the last quarter . the stock currently trades at $ 11 . 19 per share . john griffin
still has a significant position in bsbs , owning 9 . 8 million shares , though it has also decreased its position , albeit by only 8 % .
, on the other hand , increased its stake in banco santander brasil by nearly 400 % and now owns 1 . 9 million shares .
largest new position , and largest position overall , is its put option on 2 . 6 million shares of spdr retail etf , a fund that attempts to reflect s & p retail select industry index , with major holdings in barnes & noble , gamestop corp and vitamin shoppe inc .
s value has fallen off by 20 . 6 % over the last quarter . bruce berkowitz
( fairx ) has more than $ 1 . 5 billion stake in aig , and some funds such as
have taken multiple positions on aig to hedge other investments . aig is currently trading for around $ 28 a share .
) was also timely . mco gained more than 10 % and is now trading at around $ 37 per share . warren buffet
, run by jeffrey ubben , decided to increase its stake in moodys by 35 % , apparently happy with its strong performance .
, managed by paul ruddock and steve heinz , has decreased its holdings of jpm by 50 % , though it still has a $ 642 million stake in the company . andreas halvorsen
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download the pdf the qe party is ending . last year ' s goldilocks global expansion has left the way to an environment of divergence , where the us continues to outperform the rest of the world and the federal reserve is the only central bank no longer behind the curve on policy normalisation . at the beginning of the year , we prepared…
download the pdf after a decade of monetary stimulus , central banks have pledged to exit loose monetary policy . except for the fed , their attempts appear to be failing . the federal reserve has been raising interest rates , bringing 2 - year yields up to around 2 . 5 % and reacting to the trump administration’s fiscal stimulus , the largest on record during a peacetime…
the end of qe heralds the return of volatility and the testing of the fragile foundations upon which we have built our economic recovery . alberto gallo joined professor andrea buraschi today at imperial college business school for a panel discussion with luke ellis ( ceo , man group ) and ryan blute ( head of global wealth management , pimco ) on the distortionary impact of…
qe generated a strong economic recovery , built on fragile foundations . in our latest presentation to policymakers , we share our thoughts on financial fragility and why the recovery may be vulnerable to negative feedback loops in markets , rising geopolitical risk and still persistent imbalances in the public and private sector . click here to download the presentation slides .
download the pdf the demand for certainty is one which is natural to man , but is nevertheless an intellectual vice . . . . to endure uncertainty is difficult , but so are most of the other virtues . ” - bertrand russell what is a safe haven asset ? first , it is a refuge where investors can preserve capital in times of crisis . second , …
download the pdf for some , the events of the past few weeks represent a standard correction , after which markets will return to normal . we think differently . we believe this is the start of a change in regime for markets . central bank policy supported markets to boost wealth and consumption , through the so - called
wealth effect
transmission mechanism . it worked : …
download the pdf “i used to think if there was reincarnation , i wanted to come back as the president or the pope or a . 400 baseball hitter . but now i want to come back as the bond market . you can intimidate everybody . ” james carville , clinton administration advisor , 1993 the specter of a bond market selloff has been circling around…
live public panel world economic forum 2018 estimates are that multinational corporations and high - net - worth individuals have placed over $ 7 . 6 trillion in offshore companies . as the us cuts corporate tax rates and the eu considers tougher tax measures , what is the best way to reduce tax avoidance and tax evasion globally ? speakers davide serra ceo…
the european crisis is over . five long years after the 2011 double - dip recession and mario draghi’s “whatever it takes” pledge , the eurozone recovery is finally real . the euro area will grow at nearly 2 per cent in 2018 , according to imf forecasts - and this time the periphery is joining the expansion . more surprising than macroeconomic data has…
download the pdf “your loving give me such a thrill but your love don ' t pay my bills now give me money that ' s what i want” money – barrett strong , 1959 ten long years after the crisis , volatility and fear seem to have disappeared from financial markets . a synchronous global expansion coupled with persistently loose monetary policy has produced a…
the american dream is broken . paul ryan , speaker of the house of representatives , recently stated that
in our country , the condition of your birth does not determine the outcome of your life .
yet the idea that every american has an equal opportunity to move up in life is false . social mobility has declined over the past decades , median wages have stagnated…
download the pdf imagine a coin . now there ' s a ninety percent chance of flipping the coin and getting heads , and a ten percent chance of getting tails : heads you win $ 5 , tails you lose $ 30 . would you play the game ? the short answer is yes , because it yields a positive probability - adjusted payoff . now let’s imagine a different…
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we are an independent global asset management firm embracing long - only and alternative investment strategies .
historically we have focused on investments in the global financial sector , covering the capital structure of financial institutions across both equity and credit . with respect to private strategies , we invest in non - performing loans predominantly secured by high - end , residential real estate assets in italy . more recently , we have expanded our expertise to global credit , offering a diversified and unconstrained strategy designed to perform well in a low rates environment .
over the past decade , we have built a strong team , guided by a culture centred on talent , passion , energy , responsiveness and integrity .
since inception , these enduring principles have laid at the core of our personal and professional conducts , eventually establishing our most precious asset .
davide was managing director at morgan stanley where he headed the european banks research team and was the global banks team coordinator . davide was rated individually among the top european banks analysts for the period 1999 - 2006 . prior to morgan stanley , davide worked in the top rated ubs banks research team as a senior analyst ( 1995 - 2000 ) .
davide is recognised as one of the world ' s leading experts on financial services , he is often consulted by the world ' s central bankers and regulators on policy matters and he regularly contributes to the discourse on financial reform . furthermore , davide has been awarded the commander designation , a decoration of the order of merit of the italian republic .
he is chairman and trustee of the hakuna matata foundation , a registered uk charity which he founded with his wife in april 2010 . the primary focus of the foundation’s work is assisting orphaned children in central tanzania .
davide is a graduate cum laude of bocconi university in italy and holds a master cems . he speaks italian and is fluent in english and french . davide played volleyball professionally in italy from 1985 and 1990 and reached series a1 . he enjoys alpinism in the alps and sailing around the world .
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the fund’s objective is to maximise income and generate superior risk - adjusted returns over an investment cycle by investing in high dividend - yielding equity stocks and bonds . to achieve the investment objective , the fund’s assets will be invested in the financial sector globally , in equity securities ( e . g . ordinary shares or common stock american depository receipts ( “adrs” ) , global depositary receipts ( “gdrs” ) and preference shares ) , fixed and variable rate debt securities ( e . g . corporate bonds , which may be investment grade or below investment grade as rated by moody’s , standard & poors , fitch or other rating agencies , or unrated ) , contingent convertible instruments ( “coco - bonds” ) , hybrid securities , and other subordinated debt , as further described below , as well as deposits . the fund may invest substantially in deposits with credit institutions during periods of high market volatility .
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