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South Africa update

Speaking at Africa Oil Week last The Brulpadda find contains condensates – a kind of light crude oil – which only PetroSA’s Mossel Bay refinery can process. This means the biggest benefit will probably be to that refinery. Senaste nyheter om - Africa Energy, aktieanalys, kursutveckling och rapporter. Africa Energy komplett bolagsfakta & börsnyheter från Analysguiden. Prenumerera här.

Brulpadda—which, with an estimated c.2.8-5.5tn ft³ of gas initially in place, could meet South Africa’s existing demand for many years—should be the jewel-in-the-crown of South Africa’s production over the next decades. But, while it shows immense promise, there are several milestones to pass before it reaches FID. Africa Oil decreased its interest in Africa Energy from 31.3% to 19.85% of the outstanding shares of Africa Energy. The Company recognized a dilution gain of $21.1 million during the three months ended December 31, 2020 relating to Africa Energy Corp's subscription agreement with Impact. Pro forma 2P entitlement reserves (unaudited, effective 31/12/2019) net to Africa Oil’s 50% interest in POGBV.

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The Luiperd well tested just one target, finding 73 metres of net pay. 2021-04-20 · French supermajor Total has confirmed it will focus on development plans for its commercial Brulpadda and Luiperd gas and condensate discoveries offshore Staff Writer 11 February 2021.

ALLT OM AFRICA OIL, AFRICA ENERGY OCH ECO - Bizter

There’s no question that Total’s Brulpadda discovery is hugely significant — it’s the first big oil and gas find in the Outeniqua Basin (Block 11B/12B), and so is essentially opening up the deepwater play. 2020-11-23 · Brulpadda is considered an antidote to the cascade of ailments South Africa – like many countries with petroleum resources – has experienced in recent years: a drop in oil and gas exploration VANCOUVER -- Africa Oil Corp. has announced a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a 2020-07-03 · Brulpadda find in February 2019. The deposit of primarily gas-condensate -- a light liquid hydrocarbon -- was drilled about 175 kilometers (109 miles) off South Africa’s southern coast. 2019-02-07 · 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.
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10 Oct 2017 However, a number of African nations also produce significant amounts of oil each year. In fact, countries in this region of the world hold 3.6% 25 Sep 2015 Oil prices is expected to remain “low” for 15 years, this is bad news for the oil producing countries in Africa. It is time to diversify these For candidates. We're here to make the process of pursuing employment opportunities in oil and gas industry as easy as possible. 6 Nov 2019 The Brulpadda gas find off the coast of South Africa, announced by Total Thus, it should come as no surprise that Africa Oil Week, held in 26 Mar 2019 The wealth from South Africa's own recent gas and oil discovery, nicknamed Brulpadda (bullfrog in English), needs to be well-managed. Oil Rig Arrives to Drill Brulpadda Petroleum Basin By Sihle Qekeleshe, Junior Sub-Editor on August 13, 2020 South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe, has welcomed the arrival of oil and gas drill rig DeepSea Stavanger in Cape Town, in the Western Cape. The Brulpadda find could have a massive boost to businesses in South Africa, including refining oil and other downstream activities, transport companies, marine services and catering supplies.

Canada-based Africa Energy Corp holds a 49% stake in Main Jun 1, 2020 Recent oil and gas exploration activity offshore Southern Africa. Lucinda Brulpadda-1 well, drilled within license block 11B/12B the Southern. Nov 6, 2019 Total South Africa exploration and production MD Adewale Fayemi told delegates attending Africa Oil Week, in Cape Town, this week, that the Feb 2, 2019 SABC is funded in whole or in part by the South African government. Wikipedia Jul 3, 2020 Total, which operates Block 11B/12B with a 45% stake, made the estimated 1 billion barrel Brulpadda find in February 2019. The deposit of Mar 1, 2019 Worth it?
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The Brulpadda and Luiperd discoveries are therefore significant in that (1) they prove that South Africa, though under explored, does have exploration and production potential, and (2) if Brulpadda and Luiperd are determined to be commercially viable, these discoveries could launch the South African oil and gas industry to the next level and attract much needed investment. French oil company Total has started drilling the Brulpadda-1AX re-entry well on Block 11B/12B offshore South Africa. The beginning of drilling operations on the Brulpadda-1AX re-entry well was announced by Africa Energy Corp., which holds a 4.9% effective interest in Block 11B/12B, on Thursday, December 27. Senaste nytt om Africa Oil Corp. aktie. Africa Oil Corp. komplett bolagsfakta från DI.se * Börsvärdet beräknas genom att multiplicera den mest handlade aktiens pris med det totala antalet aktier för bolaget.

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Brulpadda should also bolster the rand. Oil represents more than 15% of South Africa’s imports. If South Africa produced more of its own oil, we wouldn’t have to sell so many rands to buy dollars to pay for the imported oil. This could boost the local currency. These businesses and skills will be in demand French major TOTAL has spud the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019. The Luiperd-1X well will test the eastern area of the Paddavissie Fairway on Block 11B/12B to follow-up on the Brulpadda discovery of gas condensate and light oil.

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2019-11-23 · November 23, 2019. In February, Total made one of the most important discoveries in the Brulpadda field offshore South Africa. Located on Block 11B/12B in the Outeniqua Basin, the French oil giant – which made a gas and condensate and oil discovery – predicts that the potential for the discovery of the net gas could hold 1.5 to 3 billion barrels. 2020-08-13 · Oil Rig Arrives to Drill Brulpadda Petroleum Basin. By Sihle Qekeleshe, Junior Sub-Editor on August 13, 2020. South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe, has welcomed the arrival of oil and gas drill rig DeepSea Stavanger in Cape Town, in the Western Cape. The rig, commissioned by oil and gas major Total and its Africa Energy Spuds Brulpadda-1AX Well Offshore South Africa VANCOUVER , Dec. 27, 2018 /CNW/ - Africa Energy Corp.

2020-11-23 · Brulpadda is considered an antidote to the cascade of ailments South Africa – like many countries with petroleum resources – has experienced in recent years: a drop in oil and gas exploration VANCOUVER -- Africa Oil Corp.