The Minister of Mineral Resources and Energy, Gwede Mantashe, says he hopes that an offshore gas exploration rig off the Southern Cape coast, will yield positive results to help boost the fragile economy.
The Deep-Sea Stavanger recently started drilling in the Luiperd field, 182 kilometres from Mossel Bay.
The Norwegian oil rig
arrived in Mossel Bay in August, ready for a 400 million dollar oil and gas exploration campaign.
Last year, the same rig was successful after drill ing the nearby Brulpadda field.
Besides boosting the economy, it could breath new life into the PETRO SA refinery.
Mantashe says many stand to benefit
"When I was coming here, somebody said the Total project doesn't employ South Africans.
And I can go back to them now and say no, all the professionals working there, 195 are from SA.
So it means its not as dry as people think, but people must also appreciate the fact that exploration is about looking, it's not about production yet." "https://scontent-jnb1-1.xx.fbcdn.net/v/t1.0-0/p526x296/122407736_3654871427898548_6807728822374609440_o.jpg?_nc_cat=110&ccb=2&_nc_sid=8024bb&_nc_ohc=FI-RoB65WWkAX_LU5dc&_nc_ht=scontent-jnb1-1.xx&tp=6&oh=28ccefdc3c855cb70de6e4e76d823572&oe=5FB8FE19","https://scontent-jnb1-1.xx.fbcdn.net/v/t1.0-0/s235x165/122289899_3654871594565198_9209769987246095705_o.jpg?_nc_cat=100&ccb=2&_nc_sid=8024bb&_nc_ohc=SEgtH2j0zDgAX8aX57d&_nc_ht=scontent-jnb1-1.xx&tp=7&oh=4142821e5dfdee34a53c9edb24cc8908&oe=5FB84A51","https://scontent-jnb1-1.xx.fbcdn.net/v/t1.0-0/s235x165/122461040_3654871827898508_269123084920209327_o.jpg?_nc_cat=109&ccb=2&_nc_sid=8024bb&_nc_ohc=SlxjfvdnLTQAX_99vK_&_nc_ht=scontent-jnb1-1.xx&tp=7&oh=e7a6f0e83d87e016ed44f642a2f1a9b7&oe=5FB9B067","https://scontent-jnb1-1.xx.fbcdn.net/v/l/t1.0-0/s235x165/122326403_3654871927898498_7297108150598554709_o.jpg?_nc_cat=111&ccb=2&_nc_sid=8024bb&_nc_ohc=0inrdpOy5XMAX-bTkwP&_nc_ht=scontent-jnb1-1.xx&tp=7&oh=d0be5d605fd8e9b759426c9cd643d24a&oe=5FB7D277"
TAP IMAGE/S BELOW TO EXPAND
Latest News Updates
More Latest & Breaking News from Across South Africa