Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

US technology may transform Karoo

Mar 19 2010 07:29 Francois Williams

Related Articles

SA cars may fill up on gas

Coega moots gas power station

Gas industry's worst year

Sasol seeks gas in Karoo

Sasol to invest in solar power

'SA could be big oil producer'

 

Top Stories

Rand tumbles on jittery euro

Feb 10 2012 18:19

The rand tumbled against the dollar in late afternoon trade as the local currency tracked a jittery euro.

Zuma to make 'important' announcement

Feb 10 2012 17:28

President Jacob Zuma will make an announcement "of national importance" on Saturday, says a central bank statement.

Greek deal limbo weighs on markets

Feb 10 2012 16:39

Stock markets fell after Greece's crucial international bailout was put on hold by its partners in the 17-nation eurozone.

 
Share Share line Print

Cape Town - Deep below the dry soils of the Karoo lies a wealth of natural gas that Sasol and Shell plan to exploit using new technology that has revolutionised the American gas market over the past five years.

Ebbie Haan, the managing director of Sasol Petroleum International, said the clay like shale, which is rich in organic material, has an ability to collect natural gas.

The former South African oil exploration company, Soekor, which today forms part of PetroSA, last did exploration in the Karoo in the 1960s and certainly found gas - but not enough to be regarded as commercially viable.

But mine-development technologies and geoscientists' skills related to rock characteristics have since considerably improved.

In the United States small exploration companies have managed, using innovative techniques like horizontal drilling and the injection of water and sand at exceptionally high pressure, to extract the gas trapped between layers of shale, by introducing cracks through which the gas can rise to the surface.

For Sasol it is important to exploit more natural gas, which produces far less greenhouse gas than the company's carbon-intensive coal-to-fuel process.

Sasol and Eskom - the two single-largest emitters of greenhouse gas in South Africa - are under pressure to reduce their carbon footprint in order to help achieve government's carbon-reduction targets.

Haan says that Sasol, together with the Norwegian Statoil and the American Chesapeake groups, has researched the shale gas potential in the Karoo.

The area over which Sasol will explore for shale gas covers 88 000km² and comprises the largest part of the Free State, the eastern part of the Northern Cape, the north-eastern parts of the Eastern Cape and south-western KwaZulu-Natal.

Other unconventional South African sources of gas on the radar of exploration groups include coal-bed methane in coal deposits such as in the Waterberg, and methane in the Free State goldfields.

- Sake24.com

For business news in Afrikaans, go to Sake24.com.

 
 
Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

Attie

Whilst doing my regular book browsing at Exclusive Books just before Christmas 2011 a book with the simple title “My Book” caught my eye. Paging through the book I saw nothing else but wild life photographs with accompanying quotations by either the author or another well-known person. ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...