Total offshore find could bring R1-trillion to SA economy

"The South African Oil & Gas Alliance welcomes the announcement from Total on their gas condensate discovery in Block 11B/12B in the Outeniqua Basin offshore South Africa. We are confident that this announcement will be the first of many future offshore discoveries. SAOGA has companies with both the capacity and capability to provide services to these offshore operations and this is a huge boost for our supporting services sector. We have been working tirelessly to support SMMEs and develop the necessary skills to meet the demand for the Oil & Gas Services sector. We also recognise the importance of natural gas in developing our economy and contributing to industrialisation opportunities.

SAOGA looks forward to hearing more about Total's prospects and plans in the near future and we offer them and their project partners our full support in their venture to unlock further opportunities for South Africa's Oil & Gas sector"

The find is significant because it could represent a sea change in investor sentiment...

See link below....


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