Total's South Africa discovery could hold 1 billion barrels oil equivalent: CEO | Reuters:
French oil and gas major Total’s South African offshore discovery could contain 1 billion barrels of total resources and is “probably quite big”, Chief Executive Patrick Pouyanne said on Thursday.
Total said it had made a significant gas condensate discovery after drilling its Brulpadda prospects on Block 11B/12B in the Outeniqua Basin.
“It is gas condensate and light oil. Mainly gas. There are four other prospects on the license that we have to drill; it could be around 1 billion barrels of total resources of gas and condensate,” Pouyanne said.
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