Press Esc to close

WorldOil

World Oil News Center



South Africa lifts moratorium on shale gas exploration in Karoo Region

BY DEVON MAYLIE

JOHANNESBURG -- South Africa' s cabinet said it endorsed a recommendation by the Department of Mineral Resources to lift a ban on shale gas exploration in the Karoo region.

The government in April 2011 placed a moratorium on exploration in the Karoo, an arid area believed to house shale gas reserves, after uproar from environmentalists and concerns from the local community. The Department of Mineral Resources last month presented a report to parliament with recommendations, the details of which haven' t yet been released.

Cabinet approved the report on shale gas exploration submitted by minister of Mineral Resources from the technical task team convened last year, a statement from the government cabinet said Friday. "Cabinet endorsed recommendations of the report on the lifting of the afore-stated moratorium."

A consultant' s report last year for the United States Energy Information Administration estimated South Africa' s recoverable shale-gas resources at 486 Tcf, which would make them the fifth-largest in the world. A report on behalf of Shell by a South Africa research firm this year estimated the reserves at 450 Tcf.

Along with Shell, Falcon and Bundu, a South African company that teamed up with Challenger Energy, also have applied for exploration licenses.

Dow Jones Newswires

09/07/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS

Upcoming Events