Market Size of South Sudan Oil and Gas Upstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Volume (2024) | 103.76 Thousand barrels per day |
| Market Volume (2029) | 111.40 Thousand barrels per day |
| CAGR (2024 - 2029) | 1.43 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Sudan Oil and Gas Upstream Market Analysis
The South Sudan Oil and Gas Upstream Market size is estimated at 103.76 Thousand barrels per day in 2024, and is expected to reach 111.40 Thousand barrels per day by 2029, growing at a CAGR of 1.43% during the forecast period (2024-2029).
reaching around 146.7 thousand barrels per day by 2027 from 134.7 thousand barrels per day in 2021. South Sudan's GDP index fell by 1.69% in 2020. During this pandemic, the nation's oil production dropped by around 26,000 barrels per day (b/d) in 2020, which brought down the cumulative production to 154,000 b/d due to operational interruptions at oil fields. Factors such as supportive government policies and increasing stability in the country are expected to drive the market during the forecast period. However, the high volatility of oil and gas is expected to restrain the South Sudanese oil and gas upstream market during the forecast period.
The increasing political stability in the country is expected to attract several new investments in the oil and gas upstream sector, thus driving the market during the forecast period.
Since its independence, the Republic of South Sudan created a unique opportunity to gain a lucrative foothold as Africa's newest global oil producer. Moreover, 90% of the gas and oil reserves are untapped, which is expected to attract several foreign investors and create several opportunities for the country's oil and gas upstream market in the future.
The high volatility of oil and gas prices causes uncertainty among investors, which is expected to hinder the market growth during the forecast period.
South Sudan Oil and Gas Upstream Industry Segmentation
The South Sudanese oil and gas market report includes:
South Sudan Oil and Gas Upstream Market Size Summary
The South Sudan oil and gas upstream market is poised for growth, driven by increasing political stability and supportive government policies. Since gaining independence, South Sudan has emerged as a potential key player in Africa's oil production landscape, with a significant portion of its oil and gas reserves remaining untapped. This presents a lucrative opportunity for foreign investors, despite the challenges posed by the high volatility of oil prices, which can deter investment. The market's expansion is further supported by the government's efforts to attract international investors through initiatives like the Oil Licensing Round, which aims to bring back experienced partners and operators to the region.
The market's growth trajectory is also influenced by the country's economic dependency on oil, which constitutes a substantial portion of its GDP and government revenue. The oil sector's significance is underscored by its role in the country's economic recovery efforts post-conflict and during the COVID-19 pandemic. Despite the economic challenges faced, including the impact of global oil price fluctuations and the pandemic's disruption, the South Sudanese government remains focused on enhancing oil production and attracting investments. The cooperation agreements with Sudan and the strategic focus on unexplored reserves are expected to bolster the market's development, offering new opportunities for growth and investment in the coming years.
South Sudan Oil and Gas Upstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 South Sudan Crude Oil Production and Forecast, till 2027
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1.3 Key Statistics of Petroleum Resources By Block, South Sudan, as of 2020
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1.4 Key Oil and Gas Upstream Projects Information (Existing, Ongoing, and Upcoming Projects)
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1.5 Oil and Gas Export and Import Analysis
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 PESTLE Analysis
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South Sudan Oil and Gas Upstream Market Size FAQs
How big is the South Sudan Oil and Gas Upstream Market?
The South Sudan Oil and Gas Upstream Market size is expected to reach 103.76 thousand barrels per day in 2024 and grow at a CAGR of 1.43% to reach 111.40 thousand barrels per day by 2029.
What is the current South Sudan Oil and Gas Upstream Market size?
In 2024, the South Sudan Oil and Gas Upstream Market size is expected to reach 103.76 thousand barrels per day.
