In the simplistic position in which all fossil-fuels are bad and that catastrophic climate-change is a few years away, gas is just another problem that has to be done away with.
However, in the real-world there are complex considerations that are lost in a binary, dogmatic world-view. The discovery of significant gas reserves offshore South Africa is a good case study.
Total and partners are currently drilling the second exploration well in the Block 11B/12B in the Outeniqua Basin offshore South Africa. The first well “Brulpadda” was drilled in 2018/19 evidencing a significant hydrocarbon accumulation.
This discovery of a large gas-condensate accumulation was correctly described as a “basin-opener” – as it significantly de-risks four additional prospects mapped across the block in a classic “string of pearls”, including the current Luiperd well. Whilst there is always the voice in the background that says “oil would have been better”, this is still a fabulous prize, given its geographical location. Finding wet-gas 175 km offshore of Port Elizabeth and the 60 million people of South Africa, is not inconsequential, and indeed has been rapidly hailed as a “game changer” by WoodMacContinue reading “The impact of Bullfrogs, Leopards and CO2 emissions”