FRENCH oil major Total has made a second significant gas condensate discovery in the Outeniqua Basin, 175 km off the southern coast of South Africa, the company said on Wednesday.
Total said that the discovery follows an adjacent discovery in 2019, which proved a significant new petroleum province.
The latest discovery was made in a block that covers an area of 19,000 sq km, with water depths ranging from 200-1,800 metres.
Industry analysts have hailed the discovery, saying it positions Africa as global and competitive gas frontier.
‘Total’s second significant gas condensate discovery announced today in South Africa is nonetheless reason to rejoice after a year of deep uncertainty and struggles for the African energy sector,’ the Johannesburg-based Africa Energy Chamber said in a statement.
‘More importantly, the discovery further positions Africa as a global and competitive gas frontier that continues to offer very attractive exploration and gas commercialisation opportunities,’ it added.
The block is operated by Total with a 45 percent working interest, alongside Qatar Petroleum (25 percent), CNR international (20 percent) and South African consortium Main Street (10 percent), Total added.
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