Shell South Africa to spend USD 200mn on Karoo gas exploration.

By bne IntelliNews March 4, 2011
Shell South Africa will spend USD 200mn on gas exploration projects in the Karoo, the Business Day newspaper reported quoting the company's chairman Bonang Mohale. The company normally spends about USD 15mn per well, and will do the same in the 90,000 sq km area in the Karoo, where the company is planning on up to 24 wells, the executive noted. Shell will spend USD 200mn just in the initial phase before it finds anything that is commercially viable, Mohale was cited as saying.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335