Ascom Operations in South Sudan

Moldova's Ascom Group SA signed a production sharing agreement with South Sudanese authorities in June 2005 for Block 5B. The block was claimed by a consortium led by Malaysia’s Petronas, which maintained that it was the legitimate operator of the block after Ascom began exploring acreage. and began drilling in the area in January 2008.

The Sudan Tribune reported in January 2007 that Ascom's cause disputes with the northern government over its validity as, according to Khartoum, that block belongs to a consortium led by Malaysian firm Petronas [PETR.UL]. Nilepet owns 5 percent of Ascom’s concession.

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