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.”
