TotalEnergies exits Brulpadda and Luiperd gas finds, describing them as ‘too challenging’ to develop
TotalEnergies has formally announced its withdrawal from the Brulpadda and Luiperd exploration blocks off the southern coast of South Africa, where TotalEnergies EP South Africa holds a 45% interest.
TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, identified as Brulpadda and Luiperd.
The announcement followed an earlier withdrawal from Block 11B/12B by CNRI, which was TotalEnergies’s partner in the block.
In a statement, TotalEnergies indicated that the block could not be progressed to production as “it appeared to be too challenging to economically develop and monetise these gas discoveries for the South African market”.
At the same time, TotalEnergies also announced its decided to exit from offshore exploration Block 5/6/7, where it currently holds a 40% interest.
TotalEnergies still holds exploration rights, together with its various partners, over the Deep Water Orange Basin and Orange Basin Deep blocks, off the west coast, Outeniqua South, off the south coast, and in Block 3B/4B, east of the Deep Water Orange Basin block.
The Department of Mineral Resources and Energy (DMRE) said it notes TotalEnergies's announcement, but expressed confidence that a suitable investor would emerge to monetise the gas discoveries.
"Additionally, we are pleased that TotalEnergies is not entirely leaving oil and gas opportunities in South Africa as they still hold exploration rights," the department said noting its ongoing holdings in exploration blocks.
"The department remains committed to the exploration of the country’s oil and gas resources and will intensify engagements with key roleplayers to ensure the development and sustainability of the sector," the DMRE added.
Comments
Research Reports
Projects
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
