Wildcat’s plans to raise production “will require significant investment”
Wildcat aims for brownfield expansion in Sudan
London-listed independent intends to raise oil production in the country
Independent explorer Wildcat has signed a memorandum of understanding (MoU) with Sudan’s Ministry of Oil and Gas to increase output by 100,000bl/d through the development of blocks 1, 3, 4 and 5 near the border with South Sudan. The four blocks are already in production and hold more than 1bn bl in reserves. They are also connected to existing pipeline infrastructure with “spare capacity to handle and transport significantly increased oil production from these blocks”, the company says. The MoU initially runs to the end of the year but can be extended. "It is the company's intention in 2023 to be up and running across multiple fields, across multiple blocks and funded via multiple third part
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