More good news for South African hydrocarbon exploration

Published by Brendon Raw on

Oil rig

Africa New Energies CEO, Stephen Larkin, weighed in on the tremendous Luiperd discovery by Total in South African waters.

He told @CapeTalk that the find has delivered an 11th hour life-line to Mossgas. Stephen’s calculations point to a potential supply of 8% of the crude oil South Africa imports… those imports cost the economy about R200 billion per year.
It’s immensely positive news for Southern African hydrocarbon exploration.
Take a listen.

https://www.capetalk.co.za/articles/400072/total-finds-yet-another-giant-gas-reserve-in-south-africa

Categories: News

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