S. Africa's gas Mossel Bay plant risks running out of supplies by mid-2017

by Reuters 0

South Africa’s national oil company, PetroSA, says its flagship Mossel Bay gas-to-liquid plant could run out of local gas supplies by 2017 after an offshore drilling campaign yielded only 10 percent of the expected gas reserves.

The $1 billion offshore drilling campaign along South Africa’s southern coast, which completed 3 out of 5 wells before being stopped, only realised 25 billion cubic feet out of an anticipated 242 bcf of gas that could be commercially extracted.