Market Size of South Sudan Oil and Gas Upstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Volume (2024) | 103.76 Thousand barrels per day |
| Market Volume (2029) | 111.40 Thousand barrels per day |
| CAGR (2024 - 2029) | 1.43 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Sudan Oil and Gas Upstream Market Analysis
The South Sudan Oil and Gas Upstream Market size is estimated at 103.76 Thousand barrels per day in 2024, and is expected to reach 111.40 Thousand barrels per day by 2029, growing at a CAGR of 1.43% during the forecast period (2024-2029).
reaching around 146.7 thousand barrels per day by 2027 from 134.7 thousand barrels per day in 2021. South Sudan's GDP index fell by 1.69% in 2020. During this pandemic, the nation's oil production dropped by around 26,000 barrels per day (b/d) in 2020, which brought down the cumulative production to 154,000 b/d due to operational interruptions at oil fields. Factors such as supportive government policies and increasing stability in the country are expected to drive the market during the forecast period. However, the high volatility of oil and gas is expected to restrain the South Sudanese oil and gas upstream market during the forecast period.
The increasing political stability in the country is expected to attract several new investments in the oil and gas upstream sector, thus driving the market during the forecast period.
Since its independence, the Republic of South Sudan created a unique opportunity to gain a lucrative foothold as Africa's newest global oil producer. Moreover, 90% of the gas and oil reserves are untapped, which is expected to attract several foreign investors and create several opportunities for the country's oil and gas upstream market in the future.
The high volatility of oil and gas prices causes uncertainty among investors, which is expected to hinder the market growth during the forecast period.
