Middle East / Africa

South Africa flag
Summary | Profile

Country profile: South Africa

Location: Southern Africa, at the southern tip of the continent of Africa
Climate: mostly semiarid; subtropical along east coast; sunny days, cool nights
Terrain: vast interior plateau rimmed by rugged hills and narrow coastal plain
Size: 1219912 sq. km total (Land area: 1219912 sq. km )
Population: 43,786,115
Languages: IsiZulu 23.8%, IsiXhosa 17.6%, Afrikaans 13.3%, Sepedi 9.4%, English 8.2%, Setswana 8.2%, Sesotho 7.9%, Xitsonga 4.4%, other 7.2% (2001 census)
Government: republic
Capital city: Pretoria (administrative capital)
Legal system: based on Roman-Dutch law and English common law; has not accepted compulsory ICJ jurisdiction
Currency: rand (ZAR)
Licensing:

Country profile

The South African government is seeking to increase jobs and promote business development throughout the country with the hope of reaching annual 6.0 percent GDP growth in the future. In 2006, South Africa’s real gross domestic product (GDP) growth rate was 4.6 percent. The South African government has committed to ensuring that black-owned companies have access to the energy sector. Under its black economic empowerment (BEE) program, the South African government has set targets of 25 percent BEE ownership of energy companies by 2014.

Large, predominately white-owned corporations have sold assets to achieve this objective, with the first sale occurring in 2000. BEE firms are commonly referred to as “empowerment” firms. The bulk of South Africa’s energy consumption mix is comprised of coal, which the country primarily uses to produce synthetic fuels. South Africa also consumes a substantial amount of oil. Only a small percentage of the energy consumption mix is comprised of natural gas and nuclear.

Energy production and consumption


Oil Gas
Production: 200,000 bbl/day (2006 est.) 2 billion cu m (2005 est.)
Consumption: 519,000 bbl/day (2006 est.) 2 billion cu m (2005 est.)
Exports: 217,700 bbl/day (2004 est.)  
Imports: 319,000 bbl/day (2004 est.)  
Reserves: 15 million bbl (1 January 2007 est.) 27 million cu m (1 January 2006 est.)
Major fields:



South Africa - recent news

03 Aug 20
South Africa: Sasol invites bidders for the development of solar power at its facilities in South Africa
Sasol has invited interested bidders to participate in a Request for Proposals (RFPs) process for the development of two embedded 10MW Solar Photo-Voltaic (PV) facilities at its South African operations – one in Secunda, Mpumalanga and another in Sasolburg, Free State – as part of its response to climate change.
05 Jul 20
South Africa: Africa Energy announces Odfjell rig mobilisation for multi-well drilling program on Block 11B/12B, offshore South Africa
Africa Energy has announced that the Odfjell Deepsea Stavanger semi-submersible rig has departed Bergen, Norway for South Africa to commence the upcoming multi-well drilling program on Block 11B/12B.
02 Jul 20
South Africa: Odfjell Drilling reports the Deepsea Stavanger has started its mobilization to South Africa
Odfjell Drilling reports that, following the notice from 19 May 2020, the Deepsea Stavanger has started its mobilization to South Africa under the Total contract.
12 Jun 20
South Africa's cabinet gives go ahead for single state-owned petroleum entity
South Africa’s cabinet has approved the merger of three state-owned oil and gas firms to form a single national oil company, as it tries to cut debt by reducing the number and increase the competitiveness of state-owned firms. PetroSA, iGas and the Strategic Fuel Fund (SFF) will be merged to form the National Oil Company,
19 May 20
South Africa: Odfjell Drilling to idle Deepsea Stavanger rig prior to drilling for Total in South Africa
Due to ongoing restrictions related to the coronavirus (COVID-19) pandemic, Odfjell Drilling and Total South Africa have agreed that the semi-submersible Deepsea Stavanger will remain idle in Norway for a period prior to the mobilisation of the rig.

South Africa - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 355

Completed Deals

Completed Upstream Deals: 5492

Company Profiles

Current Company Profiles: 2722

Corporate Activity

Current Corporate Activity articles: 3495

Companies Looking

Current number of articles: 439

Company Sales

Current Company Sales articles:1420

Geostudies

Current Geostudies articles: 732

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

SLR Consulting logo
Bayphase
Government of South Australia
OPC
Geoespace
Union Jack Oil 149
KL Publishing
energy365
Rose & Assocs 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com