Shell Wins Bid For Deep Water Exploration Rights In South Africa
Published: 05-Nov-2009
The South African Petroleum Authorities have confirmed Royal Dutch Shell Plc (Shell) as the successful bidder for exploration rights in the Orange basin deep-water area, off the country’s west coast. Shell and the government will now negotiate the details of an exploration contract. The exploration area covers about 37,000 square kilometers, about the size of the Netherlands. It is located in water between 500 meters and 4,000 meters deep and has so far seen limited exploration activity.
“The Orange basin offers an exciting frontier exploration opportunity to apply the deep water technical ability we have built up around the world over the past three decades,” said Executive Vice President International Exploration, Ceri Powell.
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