South Africa touts exploration prospects

May 30, 2008
The Petroleum Agency SA of South Africa has elected to use SMT's geophysical and geological interpretation software on projects covering about 1.1 million sq km (425,000 sq mi) offshore over Orange, Outeniqua, and Durban Zululand basins.

Offshore staff

HOUSTON –The Petroleum Agency SA of South Africa has elected to use SMT's geophysical and geological interpretation software on projects covering about 1.1 million sq km (425,000 sq mi) offshore over Orange, Outeniqua, and Durban Zululand basins.

PASA's charge is to provide prospecting maps and data in anticipation of exploration opportunities.

"Africa continues to be a hotbed for new exploration," says. Ken Gardiner, VP of SMT's EAME Operations. "In fact, SMT's recent survey of geoscientists indicates that nearly half of those surveyed believe that 5 Bboe or more will be extracted from deepwater Africa in the coming years.

05/30/2008