Friday, 27 September 2013

South Africa Oil and Gas Report Q4 2013

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South Africa Oil and Gas Report Q4 2013
Sep 25th 2013, 00:00

Price: $ 1295  

BMI View: Upstream exploration has been experiencing a boom in recent months, thanks mostly to the government lifting in September 2012 a temporary ban on hydraulic fracturing (a technology used for oil and gas production from deposits located in shale formations) which had been in place since April 2011. However, upstream effervescence does not solely rely on the country's shale potential, there has also been growing conventional exploration in offshore acreage and in coal bed methane formations, suggesting that South Africa's oil and gas industry could enjoy significant growth in the medium-to-long term. The main trends and developments in South Africa's oil & gas sector are: ? South Africa has limited oil reserves of just 15mn barrels (bbl), according to BMI's 2012 estimates. We expect th ...

Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/278753.html

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