Total opens new petroleum play off the coast of South Africa

Bradley Prior

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Total opens new petroleum play off the coast of South Africa

Total SA said it has opened up a new “world-class” oil and gas province off the coast of South Africa after making a significant gas-condensate discovery there.

Success in the nation’s first deep-water well is a potential boon for a country that imports most of its oil, processing the remainder of its fuels from coal and natural gas. [Bloomberg]
 

Pythonista

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175 km's offshore (Cape of Storms - aptly named) and 4km's deep - might as well be on Mars
 

Ockie

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Unless another field is discovered to supplement this find, I dont see what the big deal is. Another thread stipulates this field will only supply for 4 years at our current consumption rate in RSA.....that is not even if we export it.
 

Petec

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And yet the 4 Open Gas Turbines at Ankerlig, Atlantis, are still burning diesel.
They should have been connected to the other gas field off the west coast years ago
 

Gordon_R

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The problem with all offshore oil discoveries is that the infrastructure is very expensive to install and maintain (equipment mostly imported in foreign currency). Such wells are only economical if the international oil price stays high over a long period, otherwise the cost of production exceeds the value extracted. The 'profits' attributable to the host country rarely exceed a small fraction of the price.

I seriously doubt if this will be a 'boon' to the SA economy anytime soon. Maybe in 25-50 years time...
 

Gordon_R

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um - NO.

https://simple.wikipedia.org/wiki/North_Sea
On average, the North Sea has a depth of only 94 meters.
Most of the North Sea is relatively shallow, but some of the oil wells off Norway are at considerable depth. Its a long and complex story: https://en.wikipedia.org/wiki/North_Sea_oil

Volatile weather conditions in Europe's North Sea have made drilling particularly hazardous, claiming many lives (see Oil platform). The conditions also make extraction a costly process; by the 1980s, costs for developing new methods and technologies to make the process both efficient and safe, far exceeded NASA's budget to land a man on the moon. The exploration of the North Sea has been a story of continually pushing the edges of the technology of exploitation (in terms of what can be produced) and later the technologies of discovery and evaluation (2-D seismic, followed by 3-D and 4-D seismic; sub-salt seismic; immersive display and analysis suites and supercomputing to handle the flood of computation required).
https://en.wikipedia.org/wiki/Oil_platform

One of the world's deepest hubs is currently the Perdido in the Gulf of Mexico, floating in 2,438 meters of water. It is operated by Royal Dutch Shell and was built at a cost of $3 billion.
https://en.wikipedia.org/wiki/Troll_A_platform

The Troll A platform is a condeep offshore natural gas platform in the Troll gas field off the west coast of Norway.
The Troll A platform has an overall height of 472 metres (1,549 ft), weighs 683,600 tons (1.2 million tons with ballast) and has the distinction of being the tallest and heaviest structure ever moved by mankind.
Troll A was built by Norwegian Contractors for Norske Shell, with base construction beginning in July 1991 at a cost of 4150 million NOK, or approximately US$650 million at the time
 
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