PRESS RELEASE: African Development Bank and South Sudan Recruit Pan-African Centurion Law Group to Strengthen Capacity in the Oil Gas Sector

DGAP-News: Centurion Law Group / Key word(s): AgreementAfrican Development Bank and South Sudan Recruit Pan-African Centurion LawGroup to Strengthen Capacity in the Oil & Gas Sector

*African Development Bank and South Sudan Recruit Pan-African Centurion LawGroup to Strengthen Capacity in the Oil & Gas Sector*

*Juba, 31 July 2019*: Following an open tender and a highly competitiveinternational bidding process, the African Development Bank through itsAfrican Legal Support Facility ("ALSF") and the National Petroleum and GasCommission, representing the government of the Republic of South Sudan,selected the Centurion Law Group to build capacity in the Republic of SouthSudan's oil and gas sector.

The project is a result of the ALSF's commitment to foster legal andtechnical best practices and transparency across South Sudan's oil & gasvalue chain. It will focus on providing specialized capacity buildingtraining to officials from the National Petroleum and Gas Commission,including the development of best practice procedures for the negotiation,evaluation and monitoring of contracts in the oil and gas sector.

As South Sudan continues to increase oil production - its most importantexport commodity - and attract foreign investment into its oil & gas sector,this project will enhance the National Petroleum and Gas Commission'sability to fully exercise its functions as a regulator and a facilitator inthe oil sector.

As per the South Sudan Petroleum Act of 2012, the National Petroleum and GasCommission notably provides general policy direction with respect topetroleum resources, acts as a supervisory body in matters relating topetroleum resource management, approves all petroleum agreements on behalfof the Government and ensures that they are consistent with the Act.

"The National Petroleum and Gas Commission is a key institutional pillar ofSouth Sudan's oil & gas sector," declared Hon. Caesar Oliha Marko,Chairperson of the Commission. "We are delighted to be working with areputable firm like Centurion to enable our country's oil industry to meetits obligation to our citizens and investors. Building capacity is key to usensuring that we deliver on the promise of making oil work for everyone inSouth Sudan".

The project will notably focus on reviewing South Sudan's existing legal andfiscal framework, and ensure the transfer of skills and know-how to thegovernment's representatives and experts.

"It is a real honor to have been selected for this project with thePetroleum Commission," declared Nj Ayuk, CEO of the Centurion Law Group."Local content development and domestic capacity building is at the core ofeverything we do as a firm. We take this project as a unique opportunity tocontribute to the development of South Sudan and Africa's oil industry ingeneral. We are grateful to the African Development Bank and the Republic ofSouth Sudan for entrusting us with this responsibility."

"As a team, we truly believe in the role the National Petroleum and GasCommission has in shaping the future of South Sudan's oil & gas sector,"said Glenda Irvine-Smith Centurion's Director of Business Development &International Relations, who will coordinate the project on behalf ofCenturion. "South Sudan is East Africa's most mature petroleum province withthe potential to double its current output of over 150,000 b/d in the nextfive years. Through CenturionPlus, our lawyers and experts on demandplatform, we will mobilize the best African and international experts forthe benefit of South Sudan. We are honored to have been entrusted by theCommission and the African Development Bank to accompany South Sudan in thisjourney."

*About Centurion*Centurion is a leading pan-African legal and energy advisory group withextensive experience in the oil and gas sector. The group providesoutsourced legal representation and covers a full suite of practice areasfor its clients, including arbitration and commercial litigation, corporatelaw, tax and anti-corruption advisory and contract negotiation. Centurionspecializes in assisting clients that are starting or growing a business inAfrica with offices and Affiliates in Ghana, Cameroon, Congo, EquatorialGuinea, South Africa, South Sudan, Nigeria, Gabon, Angola and Senegal.

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July 31, 2019 12:30 ET ( 16:30 GMT)