In a recent official statement, TotalEnergies has announced its decision to abandon offshore Blocks 11B/12B and 5/6/7 off the south coast, corresponding to its projects in South Africa. This decision follows the withdrawal of partner CNRI from Block 11B/12B, in which TotalEnergies EP South Africa holds a 45% interest.
Exploration of the blocks
TotalEnergies’ foray into Block 11B/12B began in 2013, when the company started operations with high expectations. Throughout this time, two important gas discoveries were made, known as Brulpadda and Luiperd. However, despite these finds, the company determined that the conditions for developing and commercializing these resources in the South African market were too complicated and economically unviable.
[post_relacionado]In addition, the company has decided to withdraw from offshore exploration block 5/6/7, in which it currently holds a 40% interest. This decision underscores the challenge of developing resources in these areas and reflects an adjustment in the company’s strategy in relation to its investments in South Africa.
TotalEnergies’ presence with projects in South Africa
TotalEnergies’ relationship with South Africa dates back to 1954, when it began distributing petroleum products in the country. Since then, the company has evolved to become a major player in the fuel marketing, lubricants, energy exploration and production, and renewable energy sectors.
Throughout its 70 years of presence in the country, TotalEnergies has developed a robust network that includes 550 retail sites and LPG distribution to meet the energy needs of South African households. The company holds rights to several blocks in the deepwater Orange Basin basins, both on the west coast and in the south, and has expanded its presence with the recent entry into block 3B/4B east of DWOB.
It is also committed to the development of renewable energy in South Africa, with a portfolio that includes 700 MW of projects, such as the 86 MW Prieska solar plant. By 2023, TotalEnergies strengthened its position by signing power purchase agreements with Sasol and Air Liquide, involving 260 MW of wind and solar power capacity, and has begun construction of a 216 MW solar plant with a 500 MWh battery storage system.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X
Source and photo: TotalEnergies