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The real reason Total is delaying exploration plans on the eastern portion of Block 11B/12B
The French major says it has suspended the preliminary process of drilling a new well on its South African block to allow it to focus on two existing discoveries. But the move is actually aimed at stepping up pressure on Pretoria. [...]
Drilling on block 11B/12B: Ramaphosa's government bends over backwards to help Total
To try to limit the impact of the recession which is looming after several months of public health crisis, the South African government is banking on the prospect of gas revenues to come and has rolled out the red carpet for Total. [...]