SOUTH AFRICA

(in East Africa)

CAPITAL: PRETORIA

POPULATION: 45 mm

AREA (on): 1,219,500 km2

OIL PEAK: 2004

SUPPLY

South Africa began producing condensate from its offshore waters in 1992 and oil from the Oribi and Oryx fields in 1996. A series of small fields have since been developed and output peaked in 2004. It is projected that new small accumulations will be now just be able to offset declines in existing fields.

Gas production began in 1992, at first used in the Mossgas GTL project. There are many marginal gas and condensate fields in the country, which will allow increased production, and a plateau for some years.

South Africa has no onshore potential for oil or gas.

 

DEMAND

Oil consumption in South Africa has risens slowly since sanctions were lifted with imports also rising but consumption is unlikely to grow much more after higher prices quell demand after 2013.

Gas consumption is increasing both for industrial use and for conversion to liquids in dedicated plants. The country began importing gas from Mozambique by pipeline in 2004 and these will continue to increase.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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