Ibhubesi gas project 2015

Sunbird Energy of Australia expects to make a final investment decision in early 2015 on the development of the Ibhubesi gas project, off South Africa’s West Coast. Located 380 km north of Cape Town and 105 km offshore, the initial phase of the project could involve an investment of between R12-billion and R14-billion to produce 28.3-billion cubic feet (Bcf) of gas yearly over an initial six to eight year horizon. A total of $120-million has been spent since 2000 to explore what is described as South Africa’s largest undeveloped gas field – campaigns that have yielded proven and probable reserves of 540 Bcf, with Phase 1 designed to exploit proven reserves of 210 Bcf.

Previous articleMRC Global awarded PVF deal
Next articleWisconsin biomass plant begins operations