South Africa's Offshore Prospects Given Shot in the Arm

18

Mar

2019

South Africa's Offshore Prospects Given Shot in the Arm

South Africa’s offshore oil and gas prospects were given a major shot in the arm last month by the major Total gas and condensate discovery in the Outeniqua Basin.

The company believes there may be as much as 1 billion BOE in place and Wood MacKenzie has described the Brulpadda field prospect as one of Total’s “global hotspots” for 2019. Could this be the first step in an Egypt-like march to energy self-dependency for the nation’s 57 million population driven by offshore energy resources?

Wood Mac also commented: “with Venus-1 in southernmost Namibia, Total will continue to lead the charge in ultra-deepwater in the Southwest African Coastal basin. Located on block 2913B, this giant prospect has multi-billion barrel potential. Its 3,000 metres water depth will be a record for Africa.”

Africa will be major focus for Total in 2019 with an exploration drive focussed on Guyana, Mauritania, and Senegal as well as South Africa and Namibia. This is excellent news for the UK subsea supply chain.