The proper governance of shale gas mining in the Karoo region of South Africa is important. With an estimated 390 trillion cubic feet of recoverable shale gas, large economic gains are possible.
Egypt is an important non-OPEC energy producer.It has the sixth-largest proved oil reserves in Africa. Over half of these reserves are offshore reserves. Although Egypt is not a member of OPEC, it is a member of the Organization of Arab Petroleum Exporting Countries.. Commercial quantities of oil were first found in 1908, and more petroleum was found in the late 1930s along the Gulf of Suez.
According to a June 2013 report released by the U.S. Energy Information Administration ("USEIA"), South Africa has 390 trillion cubic feet (Tcf) of technically recoverable shale gas resources. 1 South Africa's shale gas resources are located in the Karoo Basin, which covers nearly two-thirds of South Africa. 2 Estimates of recoverable resources in the Karoo have varied widely over the ...
Jul 04, 2019· Africa Oil in South African block farmout by Joe Barone, Shale Directories in Blog Canadian firm African Oil announced Wednesday a farmout agreement with Namibian company Azinam Ltd. to acquire interests in a block offshore South Africa, Kallanish Energy learns.
Aug 17, 2015· Participants in petroleum operations in South Africa will be subject to income tax and royalties. The 10th Schedule to the Income Tax Act sets out the income tax rules applicable to oil and gas companies. South Africa has numerous double tax treaties with other countries, many of which will reduce the taxes payable by petroleum companies.
Report issued by the Bureau of Mines over production of oil-shale facilities in South Africa. The deposits of oil-shales, and torbanites are described. The operations at the production facilities are also presented. This report includes tables, maps, illustrations, …
Jul 13, 2017· South Africa has been considering shale gas development in the Karoo – an arid part of the country that spans more than 400 000 square kilometres – …
Jun 17, 2014· The hype over shale gas exploration or fracking continues as the ANC recently announced that shale gas is a "game-changer" and must be exploited for South Africas benefit. But the viability of fracking rests on settling the tension between whether it should be privatized for shareholder profit or if its rewards should maximize social benefit. Sadly, as current debates in the mining sector go ...
Nigeria has an oil shale deposit of high economic value and this is found in Imo (Okigwe) and Abia State, other Africa countries with oil shale reserve includes South Africa, Egypt and Madagascar. Just like tar sand that has a significant amount of oil rich bitumen, oil shale also have a quite amount of oil which can be used to produce various ...
Mar 01, 2017· But South Africa has yet to award licenses for shale gas exploration, and considering how controversial shale exploration usually is, the potential giant offshore discoveries could be a more ...
Apr 05, 2021· The value of exports of commodity group 2714 "Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks." from South Africa totalled $ 6.89 million in 2020.Sales of commodity group 2714 from South Africa decreased by 48% in value terms compared to 2019. exports of commodity group 2714 "Bitumen and asphalt, natural; bituminous or oil shale and tar ...
9.6 South Africa Oil Shale Sales and Growth Rate (2015-2020) 10 Global Oil Shale Market Segment by Type 10.1 Global Oil Shale Sales, Revenue and Market Share by Type (2015-2020) 10.1.1 Global Oil Shale Sales and Market Share by Type (2015-2020)
May 09, 2019· Extracting and processing shale oil is an expensive and difficult process. Coal, petroleum, and natural gas are less expensive to extract. Australia, Brazil, Switzerland, Sweden, Spain, and South Africa began mining oil shale in the 19th and 20th centuries, but they all stopped production by the 1960s. The U.S. ceased production in the early 1980s.
May 18, 2021· A dds details, quotes. CAPE TOWN, May 18 (Reuters) - South Africa said on Tuesday it had hit pockets of shale gas during test drilling in the semi-desert Karoo region. A …
Aug 09, 2021· The leading global oil, gas and energy news resource. Covering the latest oil and gas news including shale, lng, drilling, exploration and production.
Oct 18, 2012· Shale gas in South Africa Fracking the Karoo The country's government warms to shale gas, but many are still sceptical ... Falcon Oil & Gas …
Mar 10, 2011· Energy giant Royal Dutch Shell is targeting potential untapped shale gas reserves in coal-hungry South Africa where landowners – including a Dutch princess – are readying for a showdown. Shell applied in December to explore 90 000 square kilometres — twice the size of Denmark — for gas deposits in the clay-like shale rock of the arid ...
The Karoo Basin is a sedimentary basin covering 600,000 km2 in central and southern South Africa. It contains thick, organic rich shales such as the Permian Whitehill Formation representing the prime focus of shale gas permit applications. Until recently, the Karoo Basin was not considered prospective for productive hydrocarbons and thus ...
5.3 Financing of shale gas and prospects for South Africa 27 5.4 The MPRDA and South Africa's oil and gas sector 29 5.5 Royalty rates 30 5.6 Free carry and tax waivers in South Africa 30 5.7 Timing for optimal revenue streams 31 5.8 Shale-gas pricing 31 5.9 Shale-gas pricing in the South African context 32 5.10 Shale-gas beneficiation 32 6.
May 17, 2013· 6. For shale oil, identify those U.S. shales that best match the geophysical characteristics of the foreign shale oil formation to estimate the oil in-place recovery factor. 3 For shale gas, determine the recovery factor based on geologic complexity, pore …
Aug 23, 2013· In a study of 32 countries, the US Energy Information Administration found that South Africa has the fifth biggest reserves of potentially recoverable shale gas with 485 trillion cubic feet. But ...
Extracting and processing shale oil is an expensive and difficult process. Coal, petroleum, and natural gas are less expensive to extract. Australia, Brazil, Switzerland, Sweden, Spain, and South Africa began mining oil shale in the 19th and 20th centuries, but they all stopped production by the 1960s. The U.S. ceased production in the early 1980s.
Feb 16, 2016· "South Africa (which has the eighth biggest reserve of shale gas in the world) has the potential to become a major unconventional gas producer …
Aug 04, 2011· In Arid South African Lands, Fracking Controversy Emerges. The contentious practice of hydrofracking to extract underground natural gas has now made its way to South Africa's Karoo, a semi-desert known for its stark beauty and indigenous plants. But opposition is growing amid concern that fracking will deplete and pollute the area's scarce ...
Nov 15, 2012· Royal Dutch Shell, Falcon Oil, Sunset Energy, Oil, and Bundu Oil and Gas are all eager to explore South Africa's shale basin in the semi-arid Karoo region, which stretches between Capetown and Johannesburg. This area has the lowest population density in the country.
Mar 18, 2021· Jacob Zuma (President of South Africa) spoke at the Press Club luncheon ahead of the U.S.-Africa Leaders Summit in Washington, D.C, USA on 4 August 2014. He ...
South Africa Upstream B.V., Falcon Oil and Gas Ltd. and Bundu Gas and Oil Exploration (Pty) Ltd in 2010?, but after a public outcr y the So uth
The current state of play and the politics of fracking According to a recent report in Oil Review Africa (2015) it is anticipated that the South African Department of Mineral Resources will publish long-awaited regulations for shale gas exploration in the Government Gazette in February 2015.