COURBEVOIE, FRANCE - FEBRUARY 10: TotalEnergies company logo is seen on its head office building on February 10, 2022 in La Defense business district near Paris, France. TotalEnergies group specialize in the production and distribution of energy announced this Thursday, February 10, 2022 that its 2021 financial year ended with a profit of 16.3 billion dollars. A significant gain linked to the rise in world oil prices. This is the largest amount in at least 15 years.
In September last year, TotalEnergies launched a new application process to Petroleum Agency South Africa to drill from the gas fields in blocks 11B/12B off Mossel Bay's coast. The area is off the southwestern parts of the country and includes the Brulpadda and Luiperd wells, where gas finds were made a few years back.
TotalEnergies and others QatarEnergy, Canadian Natural Resources International and a South African consortium hold exploration rights to block 11B/12B. The joint venture wants to convert the exploration right to a production right. WSP Group Africa, an environmental consulting group, is conducting the environmental impact assessment on the project on behalf of the joint venture.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.