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pasa
PASA, or the South African Agency for Promotion of Petroleum Exploration and Exploitation, has been successful in encouraging international exploration companies to evaluate the country's oil and gas opportunities.

The FA-EM gas-field complex off Mossel Bay started production in the third quarter of 2000. Initial reserves have indicated that it will provide sufficient feedstock to the Mossel Bay Refinery til 2009.

The GTL production level at the refinery is currently 31 150 barrels of petroleum products per day. Parallel exploration is being carried out in various other sections of the Bredasdorp Basin off the coast of Mossel Bay to locate reserves for PetroSA beyond 2009.

The field, which came into operation in August 2003, was initially projected to produce 30 000 to 40 000 barrels (bbls) of crude oil a day and 20-million to 25-million bbls over the next three years. The net savings in foreign exchange to South Africa would be equivalent to PetroSA's bottom-line profit, depending on the crude oil price.

PetroSA holds 60 percent working interest in Sable, while Dallas-based partner company Pioneer Natural Resources holds the remaining 40 percent.
See the PASA for more information.
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