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SOUTH AFRICA

Drilling on block 11B/12B: Ramaphosa's government bends over backwards to help Total

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“Southern Africa progresses towards the start of gas production”

SOUTH AFRICA MOZAMBIQUE NAMIBIA

Southern Africa progresses towards the start of gas production

As a future gas production zone, South Africa, Mozambique and Namibia carry the hopes of the super-majors Total, ENI and ExxonMobil. They represent a new opportunity for investors as Africa's traditional oil and gas-producing countries are increasingly struggling to maintain production. [...]

The Deepsea Stavanger rig has already dug 2,500 meters for the Luiperd-1X well. © Cavernia/CC BY-SA

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. [...] (319 words)

Issue dated 01/10/2020 Reading time 2 minutes

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Drilling on block 11B/12B: Ramaphosa's government bends over backwards to help Total