TotalEnergies has, for the first time, revealed the tremendous scale of gas resources it has discovered in Block 11B/12B offshore South Africa, which it plans to spend $3 billion to exploit.
Ever since unveiling the Brulpadda and Luiperd discoveries in 2018 and 2020, the French supermajor has been noticeably reticent to discuss the scale of these resources in a public setting.
But there was never a doubt these finds were big, otherwise the operator would not have forged ahead with a project in such a harsh metocean environment — epitomised by huge waves and fast currents — based on the results of only two exploration wells.
