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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.