South Africa’s state-owned Strategic Fuel Fund (SFF) signed a deal with the South Sudan government on 6 May to explore Block B2 in the Muglad Basin. The SFF will take a 90% operating interest in the block, with state-owned Nilepet taking 10%. It is only the second exploration deal signed by South Sudan since independence in 2011, following a deal with Nigeria’s Oranto Petroleum for the adjacent Block B3 in March 2018. The agreement was brokered by Johannesburg-based Centurion Law Group, which also arranged the Oranto deal.
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