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Oil rig despatched to South Africa over hopes of recent discovery

Oil rig sent to South Africa over hopes of new discovery - Oil rig despatched to South Africa over hopes of recent discovery

Energy

Oil rig despatched to South Africa over hopes of recent discovery

Whole SA has deployed a rig to South Africa to search for extra oil close to a large discovery, in a uncommon instance of exploration in a frontier space.

The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Vitality Corp., Whole’s associate within the mission, stated Thursday.

Whereas drilling work has dropped off dramatically in every single place, with rigs in Africa falling by a file in Might amid the oil-price collapse, the prevailing discovery provides the businesses hope there’s extra oil to be discovered within the space.

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Whole, which operates Block 11B/12B with a 45% stake, made the estimated 1 billion barrel Brulpadda discover in February 2019.

The deposit of primarily gas-condensate – a lightweight liquid hydrocarbon — was drilled about 175 kilometers (109 miles) off South Africa’s southern coast.

Africa Vitality holds a 49% stake in Primary Road 1549 Proprietary Ltd., which has a 10% curiosity within the block.

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The companions are planning to drill a nicely within the Luiperd prospect in water depths of as a lot as 1.eight kilometers by September, Africa Vitality Chief Govt Officer Garrett Soden stated in an announcement.

The prospects within the space have improved following the close by Brulpadda discovery and different seismic work, he stated.

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Whole didn’t instantly reply to a request for remark.


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