Major natural gas discovery off of South Africa coast
The French oil and gas company Total has made a major natural gas discovery off the coast of South Africa that could contain one billion barrels.
Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.
“It is gas condensate and light oil. Mainly gas. There are four other prospects on the license that we have to drill; it could be around 1 billion barrels of total resources of gas and condensate,” [Chief Executive Patrick] Pouyanne said.
Big money here, which can change the balance of power in terms of fossil fuel energy resources.
Hat tip Max Hunt. I had missed this when it was announced on February 7.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
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The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
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The French oil and gas company Total has made a major natural gas discovery off the coast of South Africa that could contain one billion barrels.
Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.
“It is gas condensate and light oil. Mainly gas. There are four other prospects on the license that we have to drill; it could be around 1 billion barrels of total resources of gas and condensate,” [Chief Executive Patrick] Pouyanne said.
Big money here, which can change the balance of power in terms of fossil fuel energy resources.
Hat tip Max Hunt. I had missed this when it was announced on February 7.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
IF … the Total company can maintain their interest in the find and avoid it being nationalized by the emerging Leftist movement in South Africa, this could go a long way to alleviating a crushing 27% unemployment rate and other ills afflicting that country. Also, a ready customer would be the European Union countries who would then not have to rely solely on the fickle Mr. Putin or trans-Atlantic shipments from the U.S. And to top all that good news off, the discovery will put downward pressure on the global energy commodities markets. I’m sure Ms. Alexandria Ocasio-Cortez will be muttering under her breath about it.
What article doesn’t say;
“The field of primarily gas-condensate — a light liquid hydrocarbon — was discovered about 175 kilometers (109 miles) off the country’s southern coast in the Outeniqua Basin. The area, where Exxon Mobil Corp. and Eni SpA also hold stakes”
Not sure if this is international waters, could not find a map of the location. The water near Cape Town is some of the roughest ocean in the world so don’t expect to see high production soon unless they use some new technology, or all of it’s machinery and pipes are located under the water on the ocean floor…