South Africa expects TotalEnergies SE to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector.
Petroleum Agency South Africa is “very confident” that the French major will finish talks with state-owned PetroSA and complete the required output plan to retain the license, which would otherwise expire on Sept. 6, chief executive officer Phindile Masangane said in an interview. A TotalEnergies spokeswoman declined to comment.
“As the Petroleum Agency, we acknowledge that South Africa’s upstream oil and gas industry has become litigious,” Masangane said. Steps are being taken to enhance the guidelines around local consultation, which have been criticized by groups in court, while the regulator looks to increase activity, she said.
If TotalEnergies meets the requirements, obtains environmental authorisation and starts the development – located in an area regarded as one of the toughest ocean environments due to the Agulhas current – output could potentially begin as early as 2026, Masangane said.
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