25 Jan 2021 Oil & Gas analyst Conor Ward said: “The discoveries of Brulpadda and “ However, Sasol, a state-owned oil and gas company, currently

CAIRO: The UAE's Mubadala Petroleum Company has signed an agreement with Egypt to explore for oil and gas in the Red Sea. The agreement, signed by

Also focused on the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in The Brulpadda well encountered oil pay and a total of 57 meters of net gas condensate pay over two Middle to Lower Cretaceous high-quality reservoirs. Core samples were taken in the upper reservoir, and a comprehensive logging and sampling program was performed over both reservoirs. The Brulpadda and Luiperd discoveries are therefore significant in that (1) they prove that South Africa, though under explored, does have exploration and production potential, and (2) if Brulpadda and Luiperd are determined to be commercially viable, these discoveries could launch the South African oil and gas industry to the next level and attract much needed investment. Total’s partner in the block, Africa Energy, said last week that Total would drill up to three exploration wells in 2020.

Brulpadda oil news

The Brulpadda well encountered oil pay and a total of 57 meters of net gas condensate pay over two Middle to Lower Cretaceous high-quality reservoirs. Core samples were taken in the upper reservoir, and a comprehensive logging and sampling program was performed over both reservoirs. The Brulpadda discovery offshore South Africa (Credit: Total) He notes that Canadian oil and gas company Africa Energy, a minority stakeholder in the project, has previously said that when drilling Brulpadda, oil and water was intercepted, which means the prospect isn’t “full to spill with hydrocarbons”. A spokesperson for Extinction Rebellion Cape Town, Michael Wolf, said: “Brulpadda is not only a high risk for environmental disasters on our beautiful South African coastline due to the extreme seas in the area and depth of the drilling, it is also at high risk of becoming a stranded, worthless asset before it creates any revenue for the South African state due to ever-increasing international pressure to stop fossil fuel extraction. News & Media. Impact’s latest news and press releases.

Africa Energy's long range plan is to increase shareholder value through the acquisition and exploration of African oil and gas assets.

The new find is close to Brulpadda – where Total last year said it discovered a field that could potentially yield up to 1 billion barrels of gas. Attracting investors to oil and gas sectors via licensing bidding. In a statement, the minister said the arrival of the drill rig, which follows the recent successful Brulpadda gas condensate discovery, reaffirms confidence in South Africa as an investment destination of choice for the exploration of oil and gas.

The United States is not one of the top 10 richest countries, notes Business Insider. However, several large oil companies are headquartered here. Oil plays an important role in the economy of some of the richest countries, and oil is big i

Canada-based Africa Energy Corp holds a 49% stake in Main Street 1549 Proprietary Limited, an entity that holds a Attracting investors to oil and gas sectors via licensing bidding In a statement, the minister said the arrival of the drill rig, which follows the recent successful Brulpadda gas condensate discovery, reaffirms confidence in South Africa as an investment destination of choice for the exploration of oil and gas. “The funding from Impact supported Arostyle’s share of Main Street’s initial, up-coming, exploration commitments including the Brulpadda-1AX well,” an Impact spokesperson said. If the well proves successful, Impact - which has other African oil assets and has partnered with Total in Namibia and South Africa - will fund further expansion. Brulpadda is considered an antidote to the cascade of ailments South Africa – like many countries with petroleum resources – has experienced in recent years: a drop in oil and gas exploration It is in this block that Total last year made the play-opening Brulpadda discovery. Both Brulpadda and Luiperd are located in the Paddavissie Fairway in the southwest corner of the block. In an article last week, IHS Markit said it expected reserves at Luiperd to be in excess of the 1 billion barrels of oil equivalent (Bboe).

09/04/2021. Brulpadda is one of several high-profile exploration prospects for Total.
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Total, a French multinational oil and gas company, announced on Thursday that it has opened up a new “world-class” oil and gas province off the coast of Mossel Bay at its Brulpadda prospects We have a strong position in the oil basin, so we have a couple of blocks in the Orange Basin and in South Africa the 11B/12B block where this discovery was made.” Opening a new petroleum basin For Total, Brulpadda was certainly a high impact well for opening up what they believe is a significant petroleum basin. Total and its Brulpadda partners will pay the regular 28% corporate tax on all taxable income from the find and a royalty of about 5% on the “transfer” of all oil/gas, which includes the The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Total has opened a new world-class gas and oil play and is well positioned to test several follow-on 2020-07-03 · New Oil Rig Sent to South Africa for Rare Frontier Drilling By .

Brulpadda kan bli nästa "Brulpadda-fyndigheten offshore Sydafrka borrades under budget och före plan med näst intill noll Africa Oil har en indirekt intresseandel i projektet som ägare av 35 procent i Africa Energy. Författare Direkt News Detta inkluderar vår årliga Oil & Offshore-konferens i Oslo, som har etablerat sig som en av de viktigaste mötesplatserna för oljebolag i Europa.
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17 Dec 2020 The Brulpadda prospect was drilled in 2019. Total estimated the Brulpadda discovery at 1 billion barrels of oil equivalent. Great news.

Covering the latest oil and gas news including shale, lng, drilling, exploration and production. 2020-08-13 · South Africa’s Minister of Mineral Resources and Energy, H.E. Gwede Mantashe, has welcomed the arrival of oil and gas drill rig DeepSea Stavanger in Cape Town, in the Western Cape. The rig, commissioned by oil and gas major Total and its partners, will drill the Luiperd prospect in Block 11B/12B offshore, located in the Outeniqua Basin in Mossel Bay, located in the Western Cape. “We are very pleased to announce the Brulpadda discovery which was drilled in a challenging Deepwater environment”, said Kevin McLachlan, Senior Vice President Exploration at Total. “ With this discovery, Total has opened a new world-class gas and oil play and is well positioned to test several follow-on prospects on the same block. 2019-11-23 · All oil and gas companies producing gas in South Africa have to pay a royalty of approximately 5% on all gross sales of all oil or gas that they produce.