Zenith Energy has signed a Memorandum of Understanding (“MOU”) with the Ministry of Petroleum in the Republic of South Sudan.
The MOU has the purpose of formalising certain negotiations currently underway with the Ministry of Petroleum for the acquisition and development of oil and gas production licences located in the Republic of South Sudan.
Andrea Cattaneo, Chief Executive Officer, commented:
'The Team and I were pleased to recently attend the 2023 edition of the South Sudan Oil and Power event in Juba.
South Sudan is endowed with a prolific petroleum system and has been the focus of our attention in recent months. We believe there are potentially many commercially attractive opportunities in-country for Zenith to acquire and develop successfully.
We look forward with enthusiasm to working constructively with the local authorities towards the goal of establishing ourselves and investing in this favourable jurisdiction.'
Source: Zenith Energy
