Govt gives TotalEnergies green light to search for oil, gas between Cape Town, Agulhas | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

The Department of Mineral Resources and Energy has granted TotalEnergies environmental authorisation to conduct exploration off the southwest coast. | News24_Business

The Department of Mineral Resources and Energy this week granted TotalEnergies environmental authorisation to conduct exploration off the southwest coast.

Interested and affected parties have 20 days, from 20 April, to appeal the decision with the Department of Forestry, Fisheries and Environment. TotalEnergies would be able to drill up to five exploration wells within the area, known as Block 5/6/7. The block overlaps with the Orange Basin, where there have been two major oil finds off the coast of Namibia.2

The proposed drilling is planned from the fourth quarter of this year to the second quarter of 2024. The drilling and testing are expected to take three to four months for each well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Long overdue and don't let the environment brigade stop this, we can't afford to continue to make other nations rich, oil will still play a major role for many years to come

_Business I thought the people went on a strike to stop this lol 😂

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines