DMPR Confident in Securing New Investor for Gas Discoveries After TotalEnergies Exits Offshore Blocks

Despite TotalEnergies’ withdrawal from these specific offshore blocks, the DMPR noted that the company will continue its operations in South Africa.

The Department of Minerals and Petroleum Resources (DMPR) has expressed optimism that a new investor will be found to develop and capitalize on gas discoveries off South Africa's south coast, following the announcement of TotalEnergies' withdrawal from offshore Blocks 11B/12B and 5/6/7.

In response to TotalEnergies' decision to exit these blocks, the DMPR stated, "We are confident that a suitable investor will come on board and be able to monetise the gas discoveries. The department remains committed to the exploration of the country's oil and gas resources and will intensify engagements with key role players to ensure the development and sustainability of the sector."

Despite TotalEnergies' withdrawal from these specific offshore blocks, the DMPR noted that the company will continue its operations in South Africa. "We are pleased that TotalEnergies is not entirely leaving oil and gas opportunities in South Africa. They still hold exploration rights over Blocks Deep Water Orange Basin and Orange Basin Deep, Outeniqua South, and have recently entered Block 3B/4B east of Deep Water Orange Basin," the department added.

The DMPR's focus remains on advancing South Africa's oil and gas exploration and development efforts, aiming to attract new investments and ensure the sector's ongoing growth and sustainability.