The government of South Sudan is undertaking an audit of its oil and gas production activities and is looking for a company to conduct that audit. The Ministry of Petroleum issued a tender inviting companies to bid on a public tender to perform the audit and produce a 2017 audit report on the industry.
Objectives of the audit include completing an accurate assessment of oil, condensate and gas reserves, and production; reporting on revenue and investment flows; and making recommendations on the technical, fiscal and regulatory issues faced by petroleum industry actors.
The move is aimed at enhancing efficiency and promoting transparency in the hydrocarbons sector and is viewed by the Ministry of Petroleum as the foundation for South Sudan’s future prosperity.
The successful completion of the petroleum audit will be an important step towards EITI candidacy and membership.
Companies are invited to bid on the open tender up until July 14, 2017.
Source: Petroleum Africa