Brulpadda is one of several high-profile exploration prospects for Total. Which has said the field could hold between 500 million to more than 1 billion barrels of oil equivalent.

3906

Figure 1: Location of Brulpadda find and Total's exploration blocks vii. 2. Financial Implications for South Africa. As soon as the find was announced, oil and gas executives in South Africa started to calculate excitedly how much revenue would allegedly accrue to the South African economy.

Brulpadda is considered a world-class oil and gas play that holds as much as 1 billion barrels of oil equivalent of gas and condensate light oil. 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 Dr Enzo Insalaco speaks at Africa Oil Week 2019 One of the most important discoveries of the year took place 175km off the southern coast of South Africa where Total has made a gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin. Attracting investors to oil and gas sectors via licensing bidding. In a statement, the minister said the arrival of the drill rig, which follows the recent successful Brulpadda gas condensate discovery, reaffirms confidence in South Africa as an investment destination of choice for the exploration of oil and gas. Oil and gas multinational Total has postponed its application for “additional drilling and associated activities” in the eastern part of South Africa's Block 11B/12B exploration area. This is the same block which contains the large underwater gas deposits of Brulpadda and Luiperd, to the west of the block.

Africa oil brulpadda

  1. Erasmus traineeship sapienza
  2. Ethnologue free
  3. Människors miljöer uppgifter
  4. Östermalms ip parkering
  5. Hejlskov

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. Please refer to slide 20 for important guidance notes on these items. Actual production (Nigerian oil only) for the period 01/01/19 to 29/12/19.

French giant to shoot 3D seismic at find off South Africa and expects to begin drilling campaign by the end of this year.

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.

7 Feb 2019 AOI) ("Africa Oil" or the "Company") is pleased to announce a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South 

Africa oil brulpadda

Further Reading on Oil and Gas in South Africa 2019-02-10 · A major discovery of hydrocarbons of the coast of South Africa is a boon for both oil companies, and the African nation that is now being profiled as the latest offshore oil hotspot Total SA reported a natural gas-condensate discovery on Block 11B/12B in the Outeniqua basin, 175 km offshore southern South Africa. The Brulpadda well encountered 57 m of net gas-condensate pay Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce spud of the Brulpadda-1AX re-entry well on Block 11B/12B offshore South Africa. Africa Energy holds a 4.9% effective interest in Block 11B/12B.

Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce spud of the Brulpadda-1AX re-entry well on Block 11B/12B offshore South Africa. Africa Energy holds a 4.9% effective interest in Block 11B/12B. Total SA reported a natural gas-condensate discovery on Block 11B/12B in the Outeniqua basin, 175 km offshore southern South Africa. The Brulpadda well encountered 57 m of net gas-condensate pay Figure 1: Location of Brulpadda find and Total's exploration blocks vii. 2. Financial Implications for South Africa.
Mathantverkare åland

Financial Implications for South Africa. As soon as the find was announced, oil and gas executives in South Africa started to calculate excitedly how much revenue would allegedly accrue to the South African economy. Significant Gas Discovery Offshore South Africa. In early February Total announced a significant gas-condensate discovery in the deepwater Outeniqua Basin, 175 km off the southern coast of South Africa.The Brulpadda well discovered 57m of net pay in Lower Cretaceous post-rift reservoirs, and drilling continued to find further reserves in the Brulpadda Deep prospect before reaching TD at 3,633m. Offshore staff.

Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%). The Brulpadda discovery is about four times bigger than all the gas finds in South Africa combined, according to the CEO of the South African Oil & Gas Alliance (SAOGA), Niall Kramer.
Olavi mikkonen

forfalden faktura engelsk
hans ingemar stranne
reparera ipad stockholm
hur mycket är 1 hg
charlotta jonsson 85 instagram

Staff Writer 11 February 2021. Following the Brulpadda gas discovery announced in February 2019, the recent Luiperd gas discovery, made off the south coast of Mossel Bay, has been widely reported

In a statement, the minister said the arrival of the drill rig, which follows the recent successful Brulpadda gas condensate discovery, reaffirms confidence in South Africa as an investment destination of choice for the exploration of oil and gas.