Exploration & Production

South Africa to relax exploration licence moratorium

The South African government plans to relax its moratorium on issuing oil and gas exploration licences, Mineral Resources Minister Gwede Mantashe has said
By Staff reporter 29 November 2018 0 33495

The South African government plans to relax its moratorium on issuing oil and gas exploration licences, Reuters has reported Mineral Resources Minister Gwede Mantashe as saying at a meeting. 

The freeze on technical cooperation, exploration and production contracts was implemented in June this year amid a wider review of legislation related to the mineral extraction sector. Its suspension will allow existing applications to be processed and granted.

“We can’t delay exploration because we want to accelerate investment,” Mantashe said.

Companies potentially affected...