Wild Coast court ruling not a fatal blow to SA oil and gas exploration
ConCourt judgment ended Shell and Impact Africa’s exploration right off the Wild Coast, but an industry-backed study says SA still has a substantial offshore opportunity – if it can fix its regulatory and commercial problems.
A recent decision by the Constitutional Court may have terminated the exploration right held by Shell and Impact Africa to conduct seismic testing off the Wild Coast, but this is not the end of offshore oil and gas exploration.
An industry-backed study presented by the EnerGeo Alliance last week argues that SA may be overlooking a major economic opportunity at a time when the country is becoming increasingly dependent on imported fuel and faces an approaching shortage of industrial gas.
