ENB: Shale Potential Questioned - South Africa

South Africa could have far fewer shale gas deposits than originally estimated, according to a recent report estimate completed by the Petroleum Agency of South Africa and the Council of Geosciences.

The report appraises recoverable gas resources in the nation at 36 trillion cubic feet, which is in stark contrast to earlier unrisked estimates from the Energy Information Administration for the Karoo Basin of up to 485Tcf.

South Africa’s Department of Mineral Resources told the nation's parliamentarians that there was a high degree of uncertainty about South Africa’s potential given there had been so little drilling focused on the shale formations.

Read the full article HERE.