South Sudan oil production drop to cost $2m a day

South Sudan’s oil production has fallen by about 25,000 b/d, or 15%, due to problems with well maintenance in the key producing state of Upper Nile, according to the latest sales and marketing data from the Ministry of Petroleum and Mines. The ministry has outlined a lifting programme for 4.2m barrels of crude for November, equivalent to 140,000 b/d. Production in H1 2014 averaged 165,000 b/d. The drop is significant, and will be costly for the government. The outbreak of hostilities in mid-December had already resulted in a sharp drop in output from 220,000 b/d in November 2013.