Exploration

New Age needs partner for South Africa block that holds 1.8 billion barrels of oil potential

Freshly reprocessed seismic data boosts recoverable resource estimate by 54% and reveals prospectivity of Algoa-Gamtoos and Outeniqua basins

Potential offshore riches: youngsters play on Sardinia Beach near Port Elizabeth, South Africa, which lies close to New Age's Algoa-Gamtoos licence
Potential offshore riches: youngsters play on Sardinia Beach near Port Elizabeth, South Africa, which lies close to New Age's Algoa-Gamtoos licencePhoto: AP/SCANPIX
London
South AfricaOuteniquaNamibiaKavangoAfrica
Published 9 February 2021, 06:53Updated 9 February 2021, 06:53