"South Africa Oil & Gas Report Q4 2014" now available at Fast Market Research
New Energy market report from Business Monitor International: "South Africa Oil & Gas Report Q4 2014"
[USPRwire, Wed Oct 15 2014] South Africa's oil and gas sector is set for growth, as an upsurge in exploration and the increasing prospectivity of the country's offshore acreage point towards considerable upside potential for the country's long-term upstream prospects. The country also has vast unconventional resource potential, and with growing political support lifting the moratorium on hydraulic fracturing, we could see shale development permits issued as early as H1 2014. However, the passage of the mineral and petroleum resources development bill has caused widespread unease in the industry, and deep regulatory uncertainty may cloud the country's long-term oil and gas outlook, unless the government can offer greater clarity to potential investors.
The main trends and developments in South Africa's oil and gas sector are:
* Interest peaked in South Africa's offshore potential with Shell, ExxonMobil and now Total exploring in the deeper-water areas. Total has announced that it will begin drilling operations in its 11B/12B license in 2014. Shell also hinted that it would begin drilling operations in its Orange Basin permit at some point in 2014, although this has not been finalised.
* There has been significant concern surrounding the mineral and petroleum development amendment bill, which...
The South Africa Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for South Africa including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's South Africa Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the South African oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for South Africa to test consensus views - a key input for successful budgeting and strategic business planning in the South African oil and gas market.
* Target business opportunities and risks in the South African oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Africa.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
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