South Africa has tremendous exploration potential, having close proximity to large discoveries and 20 offshore blocks under exploration. The country is updating its legal and fiscal regime to be highly competitive in the region, and accommodate increased international interest and investment. 

 

Recent offshore gas discoveries in the Outeniqua Basin contain more than 250 million boe, opening a new wave of offshore exploration in the country, and creates a lot of opportunities for marine service providers to enter the country.


At the same time, South Africa is aiming to expand its gas network, opening the way for partnership discussions with midstream and LNG companies, and paving the road for energy diversification. 

Mozambique Oil