South Africa’s Landmark Oil Find Opens Prospect of Drilling Rush - Bloomberg
source: Africa Oil Corp
South Africa’s first deep-water discovery, reported Thursday by French oil major Total SA, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels.
The Brulpadda find, estimated at about 1 billion barrels by Total Chief Executive Officer Patrick Pouyanne, could be enough to supply South Africa’s refineries for almost four years. That’s a boon for a country that has always been short of oil and is running out of its scant domestic supply of gas.
The field of primarily gas-condensate — a light liquid hydrocarbon — was discovered about 175 kilometers (109 miles) off the country’s southern coast in the Outeniqua Basin. The area, where Exxon Mobil Corp. and Eni SpA also hold stakes, may now draw further interest, especially since South Africa is due to introduce new legislation later this year aimed at spurring exploration.
Les deux cartes proviennent de cet article du 29/01/2019
South Africa could be days away from a massive new deepsea energy find