South Africa's PetroSA looks for equity partners in offshore blocks - CNBC Africa

South Africa's PetroSA looks for equity partners in offshore blocks

Southern Africa

by Reuters 0

South Africa's PetroSA looks for equity partners in offshore blocks. PHOTO: PetroSA

South Africa's cash-strapped national oil and gas company, PetroSA, is looking to sell up to 49 percent equity stakes in around 10 offshore blocks, a document showed on Tuesday.

"PetroSA intends to farm out its equity interests in various blocks in South Africa to a technically and financially robust partner(s)," it said at an African oil and gas conference in Cape Town.

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