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

by Reuters 4 views0

S.Africa’s gas industry needs infrastructure

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.