The current political unrest in the Republic of Sudan which flared up on the 15th April has not fully resolved itself. However the Sudanese oil industry infrastructure has not been affected and the oil fields located around the Sudanese town of Heglig are still in operation. Since the start of the unrest, South Sudan has actually doubled the amount of oil it is pumping through Sudan’s pipelines to the Port of Sudan on the Red Sea.
Following extensive consultation with the Director General of the Sudanese Oil and Production Authority (OEPA) the Company will be opening a temporary base of operations in the South Sudan capital Juba.
Wildcat Petroleum plc (LON:WCAT) was incorporated in early 2020, with plans to work and invest in the upstream sector of the petroleum industry – namely exploration, appraisal, development and production of oil and gas.