ExxonMobil to explore offshore South Africa; deal for 75% interest in Tugela South
Green Car Congress
DECEMBER 19, 2012
According to Oil and Gas Journal (O&GJ), as cited by the US Energy Information Administration (EIA), South Africa had proven oil reserves of 15 million barrels in January 2011, all of which are located offshore southern in the Bredasdorp basin and off the west coast of the country near the border with Namibia. Exxon Mobil Corporation’s affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa.