South Africa: PetroSA, Sasol team up off west

PetroSA and Sasol have signed a technical co-operation permit (TCP) agreement to explore Block 3A/4A in the Orange Basin. The TCP represents the first such co-operation in exploration between the two companies in ten years. The block covers 19‚066km2 in water depths of 100 to 500 metres, and is on trend with the Ibhubesi gas field to the north. PetroSA will operate the TCP and the two companies each have 50% equity. PetroSA will conduct geochemical analysis‚ basin modelling and seismic interpretation to evaluate the acreage’s hydrocarbon prospectivity.