Oil in South Sudan

IGC WP: Based on new research on oil exploration in developing countries, this note makes the simple but significant point that favourable geology may not alone be enough for South Sudan to induce additional oil exploration, investments and production. The institutions and policies put in place by the government are likely to make a difference for the exploration activities and therefore also the likelihood of discovering new oil reserves. Furthermore, the institutions and policies put in place are also likely to matter for the recovery rates of proven reserves.