Oil and gas company Africa Energy Corp is updating operations on Block 11B/12B, in South Africa’s Outeniqua Basin.
The joint venture partners are assessing the feasibility of an early but promising production system.
Africa Energy Corp updates 11B/12B operations
Africa Energy Corp announces an update on operations at Block 11B/12B.
The joint venture partners on this block are evaluating the feasibility of an early production system.
This would enable progressive development of the Paddavissie fairway.
Block 11B/12B is located in the Outeniqua Basin, 175 km off South Africa’s southern coast.
It covers an area of around 19,000 km2, with water depths ranging from 200 to 1,800 meters.
The Paddavissie Channel lies in the south-western corner of the block.
It includes the Brulpadda and Luiperd discoveries, confirming a prolific petroleum system.
A development with positive repercussions
According to Jan Maier, Vice President of Africa Energy Corp, this early production system should have many positive repercussions:
“Accelerating the development schedule could significantly reduce the capital expenditure required to achieve first production from Block 11B/12B, which has gas infrastructure and demand nearby. The development of the Paddavissie Channel will have a positive impact on the South African economy and will be key to facilitating the country’s energy transition away from coal through a domestic supply of natural gas.”
This production system would therefore have multiple benefits for Africa Energy, but also for the local population.
Indeed, by leading to the development of the Paddavissie Channel, it will develop the country’s economy and facilitate its energy transition.
