Country report
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34 Pages

South Africa upstream summary


South Africa upstream summary

Report summary

South Africa has small hydrocarbon resources relative to its energy needs. All of South Africa's remaining liquids and gas production comes from the PetroSA-operated offshore Block 9 fields, located on the southern coast in the Outeniqua Basin. Oil production began in 1997 and ceased in 2013. Offshore gas and condensate production began in 1992, supplying the 45,000 boe/d synfuels gas-to-liquids (GTL) plant at Mossel Bay.South Africa is a world leader in GTL technology. Lack of oil ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.01 MB 34 Pages, 17 Tables, 17 Figures
  • Country Overview XLS - 607.00 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Regional Tectonic Framework
    • Outeniqua basin
    • Southwest African Coastal basin
    • Mozambique basin
    • Karoo and Kalahari basins
  • Exploration
    • Licensing
    • Offshore Licensing Activity
    • 2007 Licence Round
    • 2009 Licence Round
    • Onshore Unconventional Licensing
    • Historical Activity
    • Drilling
      • Drilling activity
    • Historical Activity
      • Success rates
  • Reserves and resources
    • Technical Reserves
  • Production
    • Oil/Liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
      • Oil Pipelines
      • Oil Refineries
      • Chevref Refinery
      • Enref Refinery
      • Natref Refinery
      • Sapref Refinery
    • Gas infrastructure
      • Gas Pipelines
      • Future Gas Pipelines
      • Gas Processing/Synthetic Fuels Facilities
      • Sasol One/SCI (Sasolburg)
      • Sasol Two and Three (Secunda)
      • Mossgas (Mossel Bay)
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
      • PetroSA
      • Central Energy Fund (CEF)
      • Strategic Fuels Fund (SFF)
      • iGas
    • Licensing
      • Reconnaissance Permit
      • Technical Cooperation Permit (TCP)
      • Exploration Right
      • Production Right
  • Fiscal terms
    • Overview
    • Current fiscal terms
      • Concession Terms
      • Government Equity Participation
      • Bonuses, Rentals and Fees
      • Indirect Taxes
      • Royalty
      • R-Factor Calculation
      • Domestic Market Obligation
      • Contractor Revenue Entitlement
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Investment Uplift
      • Additional Profits Taxes
      • Fiscal/Contractual Ring Fences
      • Dividend Withholding Tax

In this report there are 34 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Location maps: Image 1
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
    • Net Acreage 2016
  • Geology
    • South Africa Basins Map
    • Outeniqua Basin Generalised Stratigraphy
  • Exploration
    • Exploration: Table 1
    • South Africa Block Map
    • Drilling Activity by Well Type
    • Exploration Drilling by Basin
    • Technical and Commercial Success Rates
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Remaining and Produced Liquids and Gas Reserves
    • Reserves and resources: Table 2
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • South Africa Infrastructure Map
    • Infrastructure: Table 3
    • Infrastructure: Table 4
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Country Capital Expenditure (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Summary Organisation Chart for the South African Oil Industry
  • Fiscal terms
    • Fiscal terms: Table 1
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