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Total Oil announce a second large gas condensate discovery
Total announce a major new gas condensate discovery just 175 kilometers south of the South African coastline.
This falls just inside SA's territorial waters.
An estimated one billion barrel reserve was discovered.
TotalEnergies’ Block 11B/12B Expected to Contribute $457 Million to South Africa’s GDP
According to an article by EnergyCapital & Power on 6 October 2022, TotalEnergies filed for its production license application for Block 11B/12B on 5 September 2022.
The first phase of the supermajor’s deepwater field development is estimated to cost $2 billion.
First gas is expected in 2027.