Breitling Oil and Gas Morning Podcast #153 September 19th, 2012

South Africa has joined the shale gas revolution.  The South African government lifted a moratorium on shale gas exploration in Karoo basin although the Petroleum Agency of South Africa indicated that regulatory details continue to be finalized, so it’s too soon to say when exploration permits might be granted.

Last year, South Africa’s minerals department imposed a temporary moratorium on hydraulic fracturing while it studied the possible effects on groundwater. The moratorium was lifted on Sept. 7.

The US Energy Information Administration estimates 485 tcf of technically recoverable shale gas resources in southern South Africa’s Karoo basin, which contains thick, organic rich shales such as the Permian Whitehall formation.

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