South Africa picks controversial Gazprombank for GTL partnership
The official said overhauling the gas-to-liquids (GTL) plant was one of the “critical components of PetroSA’s turnaround strategy”.
The official said overhauling the gas-to-liquids (GTL) plant was one of the “critical components of PetroSA’s turnaround strategy”.
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies, according to its interim chairman.
Major deepwater discoveries will require major project developments to commercialise, with gas playing a crucial role, analysts from IHS Markit have said during a recent webinar, in association with the African Energy Chamber.
Africa Energy has sung the praises of an early production system (EPS) plan to develop gas discoveries offshore South Africa.
Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving some exploration options tantalisingly undrilled.