TotalEnergies confirmed on Monday, 29 July 2024, that it will no longer pursue its gas discoveries on the Southern coast of South Africa.
The company explained that the withdrawal comes after its partner CNRI withdrawing from Block 11B/12B, in like manner, TotalEnergies also decided to withdraw from the block, off the Southern coast of South Africa, in which its affiliate TotalEnergies EP South Africa holds a 45% interest.
“TotalEnergies entered into Block 11B/12B in 2013 and made two gas discoveries, Brulpadda and Luiperd, which could however not be turned into a commercial development as it appeared to be too challenging to economically develop and monetize these gas discoveries for the South African market,” said the French company.
TotalEnergies has also decided to exit from offshore exploration Block 5/6/7 where TotalEnergies EP South Africa currently holds a 40% interest.