South Sudan’s oil ministry has concluded that oil production is in quick decline, and future production will not reach even half of its peak 2010 levels even if all the oil fields began pumping again, according to ministry documents seen by Radio Tamazuj. South Sudan has developed oil reserves in Upper Nile and Unity states, but only fields in Upper Nile are currently producing due to insecurity in Unity state. Even if the Unity fields started production this year, oil production would quickly peak at no more than 175 thousand barrels per day, less than half of its peak annual average, 360 thousand barrels per day in 2009. Production would then drop rapidly to less than 100 thousand bpd by 2021 and under 50 thousand bpd by 2026, if no new reserves are discovered and developed, according to production charts included inside South Sudan’s annual crude oil marketing report […]