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PetroSA to begin drilling operations in Gulf of Suez

by Selwyn Bergman
on 25 Nov 2008
Oceanography SA
Oceanography SA

The state-owned Petroleum, Oil and Gas Corporation of South Africa (PetroSA) is set to be begin drilling operations in the Gulf of Suez shortly.

According to Everton September, head of the company's upstream operations, PetroSA is to begin drilling operations in the oil-rich Gulf of Suez at one of its new concessions in next week.

September further stated that the parastatal was looking to expand, particularly in Africa, where other major oil companies are scaling down.

A similar investment from PetroSA is likely to occur offshore of Equatorial Guinea early next year.

Further reading:
PetroSA drilling in the Gulf of Suez
PetroSA to Begin Drilling in Gulf of Suez Next Week, Times Says

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