http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.47Change: -0.03
R/$ = 13.85Change: -0.01
Au 1121.72 $/ozChange: 0.95
Pt 991.50 $/ozChange: 0.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 18, 2012

Full fracking report now available

Back
Africa|Eskom|Exploration|Gas|Mining|Petroleum|Renewable Energy|Renewable-Energy|Resources|Water|Africa|South Africa|Square Kilometre Array|Energy|Shale Gas|Shale-gas Resource|Western Cape|Environmental|Susan Shabangu|South Africa|Fracturing
Africa|Eskom|Exploration|Gas|Mining|Petroleum|Renewable Energy|Renewable-Energy|Resources|Water|Africa|||Energy|||Environmental|||
africa-company|eskom|exploration|gas|mining|petroleum|renewable-energy|renewable-energy-company|resources|water|africa|south-africa|square-kilometre-array-facility|energy|shale-gas|shale-gas-resource-industry-term|western-cape|environmental|susan-shabangu|south-africa-region|fracturing
© Reuse this



The full report arising from the government’s ‘Investigation of Hydraulic Fracturing in the Karoo Basin of South Africa’ has been published on the Department of Mineral Resources’ website, Minister Susan Shabangu confirmed on Tuesday. Hitherto, only an executive summary of the report had been made available.

The 80-page document was compiled by a task team established to evaluate the use of the hydraulic fracturing (fracking) technique to extract of shale gas in South Africa.

It comprised representatives from the departments of Environmental Affairs and Water Affairs, Science and Technology, Energy and Mineral Resources, as well as from the Petroleum Agency of South Africa, the Council for Geoscience, Square Kilometre Array South Africa, the Water Research Commission and Eskom. Technical advice was also obtained from academics from the University of the Free State and the University of the Western Cape.

The report concluded that ‘conditional approval’ be given for fracking activities in South Africa.

It has been estimated that the country could house the fifth-largest shale-gas resource in the world, or about 485-trillion cubic feet (tcf) of gas.

Addressing lawmakers, Shabangu said Cabinet’s endorsement of a decision to lift a moratorium on licencing exploration should be seen as part of a process to verify that resource.

“Even with a conservative estimate of 30 tcf, using the indicative pricing of $4 per thousand cubic feet of gas at an exchange rate of R8 per dollar, the gross value of this resource, to us, would be in the region of almost R1-trillion,” she said.

But she also acknowledged the strong opposition to fracking and that the issue had “divided our citizens into two: those for and those against”.

She also acknowledged that the Karoo was a “delicate place”, where there were competing interests, from farming and radio astronomy, to uranium mining and renewable-energy initiatives. It was also a “store chest of South Africa’s fossils”.

“As mandated by Cabinet, we will embark on public consultation with all interested and affected parties in addition to the regulatory public consultation that usually accompanies the environmental-impact assessment processes.”
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Oil and Gas News
COMPANY COMBINES OPERATIONS Oil refining and marketing company Neste announced its decision to invest about €60-million in the Naantali production line last month
Oil refining and marketing company Neste announced its decision to invest about €60-million in the Naantali production line last month. The investment pertains to the programme that was announced in October 2014, through which Neste will develop the refineries in...
Stakeholders in the African downstream oil industry met at the Westin Grand Hotel, in Cape Town, in March as part of African Refiners Association (ARA) week to discuss how to invigorate investment in the refining and distribution sectors of all African countries,...
MAINTENANCE INSPECTION COMPLETED Chevron South Africa recently restarted production at its Milnerton-based refinery, in Cape Town
Comprising a network of Caltex service stations and a refinery, as well as a sizeable supply and trading organisation, Chevron South Africa  recently restarted production at its Milnerton-based refinery, in Cape Town, shortly after one if its most significant and...
More
 
 
Latest News
Driving the Gauteng Department of Economic Development’s (DED’s) mandate of township revitalisation, MEC for Economic Development, Environment, Agriculture and Rural Development Lebogang Maile reported on Friday that the department had provided financial support to...
Terence Goodlace
Platinum mining and refining company Impala Platinum (Implats) is providing technical support to the South African Mint on the development of a platinum coin and, in a separate initiative, on the feasibility of platinum being held as a reserve asset by the South...
MEC Sakhumzi Somyo
The R2-billion Kouga wind farm, located at Oyster Bay in the Eastern Cape, was officially opened on Friday by Economic Development, Environmental Affairs and Tourism MEC Sakhumzi Somyo. The power plant, which entered commercial operations earlier this year,...
More
 
 
Recent Research Reports
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
The Health and Welfare Sector Education and Training Authority (HWSETA) has joined forces with Tshwane North Technical, Vocational and Education and Training College (TNC) to train 100 young unemployed learners as artisans, and marked this with an event that took...
JAMES TEMPLETON The increase in distribution is as a result of Emira’s acquisitive growth
JSE-listed Emira Property Fund reported distributions per participatory interest (PI) of 134.27 c – a distribution growth of 9% – for the 12 months to June 20, 2015.
Earlier this month ground broke on South Africa’s latest four star green building – the first of its kind in the Eastern Cape. The modern three-storey office block is located within the Baywest City precinct in Port Elizabeth’s western suburbs, along the N2, and...
South African armoured and mine protected vehicles company Denel Vehicle Systems (DVS) has won its first order since becoming part of the Denel group at the end of April. "It's a sizeable contract," reports DVS CEO Johan Steyn. "We won the contract in July. It's a...
South African guided weapons, unmanned air vehicles (UAVs) and space company Denel Dynamics plans to increase its revenues to more than R2-billion within five years. This was reported by company CEO Tsepo Monaheng at its annual "Show and Tell" briefing in Centurion,...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96