Oil reserves in south africa
South Africa’s landmark oil find opens prospect of drilling rush By Paul Burkhardt (Bloomberg) – South Africa’s first deep-water discovery, reported Thursday by French oil major Total SA , may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels. South Africa’s proven oil reserves total approximately 15 million barrels. The only commercial production of oil and gas in South Africa has been in the Bredasdorp Basin, in a block operated by the Petroleum Oil and Gas Corporation of South Africa (PetroSA). While discoveries have been made off the west coast, The South African Strategic Fuel Fund (SFF) sold 10 million barrels of oil for the measly sum of $28 per barrel. At the time the international standard price for oil was closer to $40. South Africa has no crude oil reserves of its own and about 60% of its crude oil requirements are met by imports from the Middle East and Africa (Source: South Africa Yearbook 2012/2013). The major petroleum products that are sold in South Africa are petrol, diesel, jet fuel, illuminating paraffin, fuel oil, bitumen and liquefied petroleum gas China was the largest crude oil importer from Sub -Saharan Africa in 2012, followed by the United States. Angola is the second leading exporter of crude to China and accounted for 15% of China’s crude oil imports in 2012. China 22% . US 13% . India 11% . Netherlands 6% . Spain 5% . Other Europe Union Other Asia 17% . Pacific 10% . Central & South America 7%
Chart and table showing yearly reserves of crude oil by country (South Africa). Data obtained from the US Energy Information Administration.
28 Jun 2019 A Cape Town high court case set for Friday is a key move in a chess game that will decide the fate of SA's strategic crude oil reserves worth Chart and table showing yearly reserves of crude oil by country (South Africa). Data obtained from the US Energy Information Administration. 28 Jun 2019 Between December 2015 and January 2016, South Africa's strategic oil reserves were sold to several companies without due processes being EWN - South African news: access breaking news alerts, sport, business, entertainment, opinion, multimedia and cartoons. Eyewitness News – INSIDE THE
New energy minister, Mmamoloko Kubayi has admitted that the controversial ‘rotation’ of South Africa’s oil reserves in 2016 was in fact a sale – flying in the face of the defence put forward by her predecessor, Tina Joemat-Pettersson.
Gas reserves. 513.2Tcf. 7.0% of the world supply. Shale gas potential. 15.7% (7.3 % South. Africa + 8.4%North. Africa ). Africa reserves as a % of global. Oil: 8.0 According to the Oil & Gas Journal, Mozambique holds 100 trillion cubic feet (Tcf) is the third-largest holder of proved natural gas reserves in Africa after Nigeria to South Africa via the 535-mile Sasol Petroleum International Gas Pipeline, South Africa has limited natural gas reserves and limited import and storage facilities. BMI estimates for 2016 put dry natural gas production at 0.7 bcm and 27 Oct 2019 Crude oil is South Africa's largest import, making the country vulnerable to global events that affect oil prices and have a knock-on effect on the
7 Feb 2019 A South Africa's first deep-water discovery backed by a consortium that includes Canadian Natural Resource Ltd., may prompt a rush of activity
28 Mar 2018 In his Mozvest address, Kramer calls oil and gas “South Africa's silver bullet for economic growth, jobs, and inequality and poverty reduction.” He 28 Aug 2019 There's a lot of oil in Nigeria and the country's reserves have gotten even larger with a new discovery in the Niger-Delta area which will deliver 7 May 2019 It should be noted that South Sudan has the third-largest oil reserves in Sub- Saharan Africa, which is estimated at 3.5 billion barrels, contained 13 May 2019 There have been substantial discoveries of oil and gas in East Africa and the region may hold significant oil and gas reserves, the lucrative sector gas venting pipes on the Casablanca oil platform, operated by Repsol SA 4 Nov 2019 Oil reserves are an estimate of the amount of crude oil located in a massive increase in South and Central American oil reserves relative to 22 May 2019 The 15 countries with the largest proven oil reserves span five continents One of two South American countries on this list, Brazil's proven oil of any country in Africa, and it produces an average of 2 million barrels of oil per 8 May 2019 The South African government has signed an oil exploration and explored, and that it has the third-largest oil reserves in sub-Saharan Africa.
Tsimiroro is a heavy oil field (14º to 16º API) which is reported to hold, in terms of a best estimate of reserves (oil in place), 2 billion barrels with potential for light oil
28 Aug 2019 There's a lot of oil in Nigeria and the country's reserves have gotten even larger with a new discovery in the Niger-Delta area which will deliver 7 May 2019 It should be noted that South Sudan has the third-largest oil reserves in Sub- Saharan Africa, which is estimated at 3.5 billion barrels, contained 13 May 2019 There have been substantial discoveries of oil and gas in East Africa and the region may hold significant oil and gas reserves, the lucrative sector gas venting pipes on the Casablanca oil platform, operated by Repsol SA
28 Aug 2019 There's a lot of oil in Nigeria and the country's reserves have gotten even larger with a new discovery in the Niger-Delta area which will deliver 7 May 2019 It should be noted that South Sudan has the third-largest oil reserves in Sub- Saharan Africa, which is estimated at 3.5 billion barrels, contained 13 May 2019 There have been substantial discoveries of oil and gas in East Africa and the region may hold significant oil and gas reserves, the lucrative sector gas venting pipes on the Casablanca oil platform, operated by Repsol SA 4 Nov 2019 Oil reserves are an estimate of the amount of crude oil located in a massive increase in South and Central American oil reserves relative to