Logistics companies with a
keen interest in the oil and
gas sector are advised to
keep an eye on the Ibhubesi
gas project along the West
Coast – one of South Africa’s
most advanced projects in the
sector to date.
Situated 80km off the
Northern Cape coast, this
project will see a 400km gas
pipeline installed for the town
of Atlantis near Cape Town
for the supply of gas to the
Ankerlig power station.
Dave van der Spuy,
manager of the Petroleum
Agency SA, said with over
half a trillion cubic feet (Tcf)
of proven gas reserves at a
2P level, the current IGP gas
reserves could potentially
provide electricity to a city of
1 million people for about ten
years, making it a significant
source of clean energy in the
country and a project that
held major opportunity for
players in the oil and gas
sector.
“Currently the conversion
of turbines for gas is under
way,” said Van der Spuy.
“Eleven wells have been
drilled thus far, comprising
seven gas discoveries, which is
an encouragingly high success
rate.”
