Oil discovered in South Africa
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- Опубліковано 4 жов 2024
- This video explores the oil and gas discoveries in South Africa. TotalEnergies previously discovered two huge gas fields off the South African coast in 2019 and 2020. Its current area of interest covers 10,000km and is located between Cape Town and Cape Agulhas, in water depths between 700 metres and 3,200 metres and Kinetiko Energy, an Australian gas company also discovered gas in the Mpumalanga province. We explore how South Africa plans to balance unemployment, just energy transition, load shedding, and economic prospects of this discovery.
Sources: t.ly/AniI0
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Ahh. More for the ANC to sell to other countries while we continue to pay more for fuel. There goes what fish we still have.
Definitely not we're voting them out come 29th May.
Yes to point 1, nah to point 2. I’ve experienced amazing fishing in the Persian Gulf and the Indian Ocean off the UAE. Caught tuna in surface oil slick.
Who does not sell? Others even sell land to community churches, what a move 😂😂😂😂
We should sell unrefined oil for a little bit then build our own refineries to bring in the real big bucks. Economic growth is economic growth bud. But other parties may use this growth a whole lot more efficiently than the ANC.
@@qhayiya252 I like your concept
Hope they develop local companies. Not getting looted by outsiders
I agree, We should rather export than let other nations mine us clean.
what about insiders?
After 27 years we have learned the big looters were the insiders.
💯👍
Oil extraction brings evil doers,if they don't get their share....chaos starts
This is major bad news if the ANC stays in power
So true
They just find a new way to steel and not help the poor of south africa
Facts
No guarantee that others won't do the same or even worse than the ANC!
@@hopes9451 I tell you now, if the ANC gets hold of this our country will end up looking like any of the dictatorial African countries on this continent. It will enable a whole new level of theft at the state level because the inadequacies of their governing will be bought away with bribes and dissenting voices silenced. We'll look like every other African country torn between corporate greed and political power struggles for a hand in that pot if greed. Very long term it will eventually collapse but not after absolutely fucking everyone in this country over.
We need absolute transparency and public access to view the finances going on around this including the income these resources generates for the country and where that money goes.
South African journalism at its best. World class stuff dude. Factual. Visual. Clear, concise English. I dare you not to keep going.
This guy is South African? I can't understand him
I'm not familiar with this,but this journalist drew my attention good job brother 🎉
I don't think it's a South African. He didn't pronounce "Brulpadda" correctly and is talking about an "E E Zee".
Said a killer whale was a dolphin 🐬
@@Naddynado because they are. Orca's are the largest member of the dolphin family.
I don't understand why South Africa chose to receive only 20% of the proceeds from their own oil. Shell should actually come and mine this oil for a fee and get remunerated for that if they are interested, but we should keep our oil and do what we please with it.
Shell should go and mine it's own oil in France and keep it.
You're not very bright are you? Who put up the capital and took the risks? Who will build the facilities required to extract and transfer to shore? Who developed the technology in the first place? Who will operate the facility efficiently?
@diq Norway owns 67% of Equinor, the company that operates the majority of its offshore oil wells. The government also owns a direct stake of varying size in all production licenses issued. Finally, Norway taxes oil companies at a tax rate of 78%. And yet their oil industry is booming.
It's not undue greed, it's being savvy and smart with national resources.
Well, that's a kind of settlement mr PIETER BOTHA would never agree if he was in power....
@@fyreflow Go look at the world IQ map. Also, previous management built and operated Sasol. Current management cannot operate a Post Office system.
@@UsaqMadiq The government wouldn't even need to run it themselves, if they played their cards right. With oil and gas, the possibilities are far wider than with any other commodity (mostly because of OPEC supply throttling).
Ohhh sheeeet... someone said OIL??? you know who's coming(back)!!! (The Western imperial colonialists USA, UK, France, etc)
they are already there.
South Africa is going to be one of the wealthiest countries in Africa. I hope the money is used correctly.
Our government is WAY WORSE than any perceived foreign power.
Only one problem and it’s a big one. More for the ruling party to steal.
Coming back? They never left!!!!
That will make Ramaposa even richer.
This bastard can now steal more from the people. It’s all about the ANC cadres and how these bastards enrich themselves at the expense of the people. Welcome back the European settlers - France @ Total Energies.
The ANC will pocket all that revenue and the country wont see a cent
That is exactly what will happen
They are going, Don't Worry 👍👍
That is black rule for you - nothing changes.
When I went to Mossel Bay in 1984, I saw the oil drilling rig being assembled.
Later, the media gave us news of oil was found.
They were trying to hide the oil from South Africans. That's what they did in Uganda.
Years later, the Uganda's sent their own people for training abroad.
They came back and discovered enormous amounts of oil that Shell claimed it does not exist.
I guess the foreign corporations were waiting for a break, but Ugandan's overtook them.
This was probably what has happened in SA. The only difference is that here, it is shell that is gunning for the cake.
That was not oil but GAS.
Plus PetroSA or then named Mosgas weren’t serious when investigating deposits. Oath if they didn’t take short cuts they’d have “discovered” the oil and new gas deposits
There is oil all over the world, they didn't tell you until now. Ask yourself why?
More to steal 😂😂😂 were is our stock pile sold wheres the money i dont no 😂😂😂
Wonderful news, however, who will benefit, the common peoples of South Africa, or the corrupt ANC thieves and Shell.
I think you already know the answer to that
Corrupt and Shell as history has shown
@brianconyers mostly western looters the cacausians who've been looting Africa for hundreds of years. Oh I forgot ANC learned from the best, the Apartheid NP regime.
The citizens will probably receive higher taxes to assist in the 'development'...another crippling tax for SA citizens already buckling under these taxes which support the 'Govt' and their pockets. Nothing will aid the people while these tyoes of govts. are i
Ramaphosa Cyril
South Africa is one of the most under-Mined countries in the world statistically. These finds dont actually surprise 😍😍🙆🏾♂️🙆🏾♂️💪🏾💪🏾🇿🇦
LOOKING AT South Africa the richest country in the world in terms of natural resources it has a potential of being amongst 10 richest countries in the world it's just that its being poorly lead 😢
We have 8/10 deepest mines in the world
@@elnegro9835what about mining safely?
Undermined? I've worked in 2 gold mines in the North North west province. It's not Undermined, actually, only 2 of the 11 gold shafts around Matlosana region have closed down. We overmined gold. And once AngloGold saw that there is little gold, they sold all their shafts to Harmony... Now AngloGold is buying land in Mozambique for new and fresh mines
you clearly didn't fully understand what was being measured, South Africa is one of the only countries around that world that is well aware of the resources underground that have not even been touched as yet. I hope you get it now@@ChrisMatela
These private companies will screw us. 20% of the revenue is a joke. At least 50%.
Im 60 now and I was 6 when I lived with my grandparents in mosselbay. There was already a oil drill when we arrived there
Interesting!
@@TheIncredibleMrG777 you should be able to find something I will go and search
@@TheIncredibleMrG777 I found it my f..k its still there. Search mosselbay mossgas. Or dana bay. Its near mosselbay. Video by jake rabeling
What happened after that
@@Dazues The video show 2 years ago but that rig look far offshore I could swear its was nearer. I could be mistaken tho.
Oooowwe the gravy train just got bigger.
It’s good for all to understand that the biggest exporter of oil in the world is Venezuela. One of the poorest countries in the world.
You're factually wrong Venezuela has the largest proven reserves of oil, but they don't produce much oil.
😢 not true not exporter but biggest reserves .😢 Remember sanctions
But look at Middle east, Qatar, Saudi, UAE. The problem its leadership
You could say that, but Venezuela
The USA sanctioned Venezuela @@mrnobody6603
Patiently waiting to see how the ANC is going to enrich themselves this time around
25% is a ripp-off. The state should.ve rather re financed the Petro SA, and given it exclusive license to drill and refine the oil coming from those wells. Great development but much better could've been done. hopefully they have the backbone to re-negotiate the terms in a decades time.
it will be mismanaged 100%
PetroSA is compromised!!
New South African company required, by the people for the people. No corrupt cadres, please!
ANC are cowards they dont want to angers their master, they failed to nationalize it was a good time to build a mining company that will have an exclusive right to minerals
25 percent officially, another couple of percent under the table in Swiss Bank accounts
Classic south african action going to happen with this oil
This is the time of Africa. Africa is blessed and rich, we only need good leaders❤
They will not give it to the people. Politicians and big corporations will gain more wealth from this while the ordinary citizens will continue to suffer.
Sad but true
I wish there was something we can do as the nation to overthrow this corrupt killer government and take charge of what is ours
They have been stealing and robbing us for decades
There's evidence of all this written in black and white
Documents that shows what the ANC government have been doing
Need to vote out the ANC ... and make sure eff is not elected 🙄
They don't care about the people , they only help people within there inner circle...
I hope south africa wakes up and votes for change .
Ignorant they will steal it all no one will see anything except the evil corrupted subhuman politician.
And competent militaries
Amazing..!! To think that South Africa, for more or less the last century, has desperately sought the treasured "Black Gold", vital to run a modern economy, without success. The nearest they came in the past was with the "Oil from Coal" plants at Sasolburg I believe, although nowhere near enough to make the country self sufficient. Now, with the advances of modern technology, the longed for valued resource has been discovered in seemingly viable quantities. Let us just pray that the resources Are genuinely used to better the lot of everyday South Africans and not squandered or spirited away into offshore bank accounts by corrupt politicians..!!!
Why do you think it takes 360 days to get the permit in ANC-SA?
Because there is a lot of sub-surface squabling about who gets how much of the revenue under the table, and setting up the tax-haven bank accounts also takes time and a lot of bribery and subterfuge.
Get it? It's complicated, you see...
@stephanuhu963 You're righ. The problem is everyday South Africans aren't exposed to this type of info, especially in detailed form such as this video
show me a single oil producing african country where the general population benefit from it. Correct NONE
LMAO look at this cute hopeful comment🤣🤣🤣🤣 loadshedding ain't going nowhere and fuel prices will never be less than what it is now, accept reality. This country is gone
@@zulu_plays7330because everyday south africans still vote for the cANCer. Good luck with 12 hours load shedding soon. People thought they can just pillage and loot with no consequences. You reap what you sow.
wow! the production quality is amazing! thanks!
Jo ! More to steal 😂 I sure they are gleefully rubbing their hands together!
Ha, now the cANCer can enrich themselves even more😂
Great Job South Africa. Africa had thousands of hidden gems just waiting to be discovered
Actually, it was foreigners who found it.
Oh and to be stolen
@@TheIncredibleMrG777 Whatever!! There are only 3 or 4 ships in the world that are equipped with deep underwater seismic detection. Kenya rented one of these ships for $1 million dollars a day and in 30 days this vessel found huge oil and gas deposits off our coast in Lamu. In South Africa where the Atlantic and Indian Ocean meet, you have the roughest seas on the planet. Waves so big that they can swallow an entire ship 🚢. It’s a miracle South Africa found anything in such rough seas. They probably now have a submarine that can do seismic work. Anyways, under these dangerous waves their are more goodies waiting to be discovered.
Investors can wait!!! We don't want to be another example of an African blessed with oil & gas but ruined by the corruption that comes with it. We need our own oil refineries & our own oil company that will oversee all these projects.
This was incredibly informative, thank you
This is good man more videos please keep them coming I promise you subscription is going to explode 🔥🔥🔥
Why can't our government just fully fund this and handle it themselves, because taking 100% of the risk will force them to be efficient, why do we keep implying that foreign companies can do better than us?
True
Isn't easy even the government itself is under control of the United nations.
Where's the skill😢
@@WarrenChu-x4q South africa has the institutions to train people to work in this sector.There are many graduates sitting at home with no jobs those people can get hired first and trained while more students do the courses for these types of jobs.
That is FANTASTIC! They should keep as much as possible at home to keep energy costs there as low as possible to help the citizens of the country live with the lowest energy costs possible.
Then sell any overage to offset taxation of the citizenry to also improve the economy.
Oh, crap. We're so effed now. East and West are gonna be on us like flies on stink.
Im so glad for mpumalanga work opportunities
Well done brother for clearly explaining the concepts and your visual skills are impeccable. 👏
And yet unemployment is super high and the list goes on 🤔🤨🧐
Key word “Discovered”
Meaning there’s still a lot to be done for this discovery to benefit the people
Yah neh! More to plunder.
Just imagine how bad the Cadre deployment is gonna screw this one up....more problems
Great content explainer ! Hope your channel grows
These politicians have certainly fumbled the deal. Am sure South Africa is getting peanuts from this deal.
Excellent video, Great explanation.🙌🏼
Oil was found a long time ago & it just keeps getting easier to find in SA as the anc bank account continues to get fuller & fuller. Between jacob zuma & ramaphosa they have about 6 billion barrels in their bank account.
Rather preserve it where it is.global warming gets worse.
Incredible content. Well researched. Keep going.
Keep us posted to us and updates and thanks for sharing with us this info ❤❤
Mzantsi is a blessed nation, for sure and our friends can tell you, l mean Kenyans, Ghanaians, Cameroonians , Angolans , Congolese , Tanzanias and all our Southern region patriots , we 'll always live together and die together patriots and by all means we need to defend what God had blessed us with. Africa of rise 🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦🇿🇦
You mean MzansiBorwa.
Yes the land of the Khoi and San .
Overrun by the Bantu and other foreign invaders from central Africa 😳☹️☹️☹️
@@Gerrardboss-v2gwhy are you people always trying to separate Khoi and blacks as if we are not one people😂😂 Khois gave birth to every black people you see in the world they are the first black people , we are one with the Khoi we been leaving together for years .. ftsek maan
@@ScissorN these Europeans living in Africa and Mixed race are always negative towards us we are the majority here they must get used to it
There is no such thing as Khoi and San, thats a white mans coinage😂😂@@Gerrardboss-v2g
where is the money going of all our resources because surely we the people are not benefiting from it
The money and profits are going to the overseas western looters to be precise.
you know these politicians will just obliterate any and all funds recieved from these deals.
ANC will let Mafias to come nd take it with a less price
Massive Oil field South of Cape Town was found late 1979 now Shell claims it.
Somebody is getting rich under the table
Good video! Yes, this could be fabulous or a disaster! Thank you for your work and information. I hope the best for the people of South Africa!
Pathetic how SA's minerals are always "discovered" and extracted by foreign companies. Our own government can't build and/or strengthen current SOE's to explore & extract these minerals on our own always waiting for foreign companies to "create jobs", when are we going to stand on our own⁉️
Rich will only get richer then
And landscape will be destroyed
precisely
Down with Shell, ANC and EFF!!
Tell shell to go home and stay in us ,they ripping us south Africa's off every day
Our politicians will ensure they get aĺ the financial reward, and the people get nothing.
We Must REMOVE them first.
Your videos are class keep releasing bro.
Crazy how all 5 companies drilling oil in the off shore are not South African
Very Johnny Harris vibes from this video, and I like it. Good animations, fine journalism all-round good informative video.
Totally in agreement with you on that one 👌🏼👌🏼
Look like somebody is in a need of DEMOCRACY _*cue eagle sound_
Cue hadeda sounds because we are on the world stage and it wouldn't be easy to pick a fight with us as the global community would frown upon it knowing America used to fund the NP during Apartheid
I expected this channel to have over 200k subscribers from the editing skills alone.
To me this guy sounds like a varsity graduate. Everything of his is clean, well thought of and Carte-Blanche or Mail&Guardian level!!! Not sure if he is Zim, SA or Nigerian though. ✊✊
When he said the government plans to take 20% revenue he really means it. If the ANC remains in charge they will take 20% of the revenue and that would be the last anyone sees any trace of that money.
Found your channel at 155 subs, so I’m giving you a chance. Don’t let get down because I needed a new docu-series channel.
Ey you a straight narc!
We need to distribute this wealth in the Country to help build the economy
This was really informative! Thank you
Very insightful - all thanks to the team @preamble and Mr Lepota.
This presents a good opportunity and market for local gas beyond our own use. However, the caveat is that we should not rush to export gas to Europe at the expense of our own domestic and regional markets, no matter how tempting the prospects of earning foreign revenue.
South Africa must be productive
yeah we need more local content like this 👍
ppul dont want south africa to expand its revenue source yet they depend on it for social grants, these fishing activities they are trying to protect are at a subsistent scale, instead they should be negotiating beneficiation to ensure they dnt rely of social grants
America 🇺🇸 right now is saying they need freedom
We about to be liberated.
We can't have western owned companies extracting our oil, look what happened to Nigeria
South Africa: We've found oil and gas
USA: You found what?
South Africa: Oil and gas...
USA: Cool, see you soon.
South Africa: What do you mean?
USA: Say hello to Freedom
Great video man!
The biggest Gas found in SA was discovered by Shell in karoo basin
You mean Fracking to Poison THE Water TABLE??
Well not anymore largest gas so far is found in Mpumalanga as for last year
We can have all the resources in the world, but GREED will be the end of us.
Reduced Reliance on Imports: Oil and gas production could significantly reduce South Africa’s current reliance on imports. This would enhance energy security and contribute to economic stability.While the extractive industries must balance economic gains with environmental and social considerations, strategic development can lead to sustainable job creation and economic growth.
Just we will pay same price for petrol at the pumps as the big wigs want ad much as they can get before the poor in south africa wake up
Found oil? Venuzuala has heaps look what happened to them.
Dubai also found it see what happen to them? Ya'll just like throwing your invalidated opinions out there without considering the international political/economical impact, you not gonna take into account the involvement of the US in Venezuela's downfall
What happened to VENEZUELA?
US sanctions?
US can never dare SOUTH AFRICA, or NIGERIA.
Work well done on the video.
This ANC will screw this up as well or annex it.
Ooooo pok nou gaan daar nog meer gesteel word.
More capacity for corruption in that fine basket case of a country.
Or a hoax for ANC to spread fake hope.
What a fantastically written and presented article. Well done!
we need BETTER DEALS LIKE 50 50 THATS FARE
Let's be realistic 50/50 would be high in the first years.
Let's just make an audit and case study before signing anything, this is a very complex issue, this is how S.A could make money 💰
All oil service companies should be registered and pay taxes in SOUTH AFRICA, 50% of the project board Officials should be SOUTH AFRICANS, No operation equipment should be bought abroad if it is available on South African Market.
And SOUTH AFRICA should never sign any agreement that gives away more than 60% to the so-called INVESTORS.
-This is how it's done in NORWAY, OIL SERVICE SECTOR created a lot of BILLIONAIRES here, it shall do the same for S.A
Lets hope that we can start the process of mining and extracting without any ANC government corruption. Because if it all runs smoothly the unemployment situation will defiantly change for the better and in turn that makes a better more productive South Africa. We need to find jobs for our people not just a place to sit and do nothing productive, so that government can say they have provided jobs, but lucrative and beneficial jobs for both individual employee and country as a whole. That is the ultimate solution for South Africa.
We need free education for all citizens and teaching of science subjects be made compulsory
We need to vote these guys out ASAP!.
This will not change unemployment as these jobs need skills we don't have.
And most poor in south africa skills are limited.
We need to retrain alot of people.
There was a time when we had to take physical science and maths, we did not have a choice. But slowly as the education system started failing in South Africa so did the standards of criteria needed to pass. You see its easier to pass masses of pupils on poor subjects than to actually spend time and effort on subjects that will truly benefit them in the long run. Remember most first world countries have extremely good education systems and they are well supported by the government of that specific country. We simply do not have anything like that. So yes I absolutely agree with you all. Anyway it is what it is and that's not going to change with the ruling party at the moment.
Well narrated and great visual story telling thank you to the team and Mr. Lepota
This could benefit us a lot. It could give South Africa the kind of capital to get it back on its feet. But we know where this money will go, through ANC and out to France or other countries whoever gives them the biggest cut of the deal.
20% to the Government,... or The ANC?
both are not allowed to take the money, the money must be shared with the south african people.
@@smr4712 ha, ha, ha, you hope!
@smr4712 I don't think there's a singal country that gave its oil wealth directly to its citizens that didn't completely ruin its economy. Norway is the closest, but the government still manages that wealth
And you trust YOUR GOVERNMENT after all that they have stolen and what they did not steal, they plain ruined!
Last time I checked our government was the ANC, that's .... Really, basic political knowledge...like, it's not even "politics 101" or "general knowledge" I just asked my 5 year and 2 month old son: "Son, who's our government?" And he instantly said "Ay-Em-She"
So what, taking the ANC's cadre deployment into account , these projects are anyway doomed. Not that it will matter much because development of these will anyway be directly ouy of line with green energy.
Green energy, will not be sustainable in any economic environment. It's a hoax!!
Excellently researched and examined.👏
Why give your helpers (investors) 40% but host (land owners) 20%?. 50/50 make sense, why 20% for all 62 millions citizens and 40% for few investors ? 😢
Because they are the ones bringing in all the funding and skills. If South Africans want most of the profit then we need to put in most of the investment.
@@francois853skill.😂!?!
There are many SOUTH AFRICANS who are good at that.
This is 2024, not 1970.
@@buravan1512 The fact that we AREN'T doing it ourselves gives the lie to that statement. The year is irrelevant, the observable lack of actual skills or funding is.
Top tier video. Liked and subscribed.
How can it be discovered if it's already there?
Go to school
Thank you for the video, this was well presented.
Great video goodman., wellspoken
Amazing video Goodman! Great animations -- and great visualisation of the stats! Africans telling African stories!
Excellent research and beautifully narrated👏👏🌻🌷🍁🌺🌺🇿🇦🇿🇦🇿🇦🇿🇦💜
THIS WAS GOOOOOD CONTENT!!!! WELL DONE!
Finally found your channel 😮
Wow, he is going to get richer!
Here comes War and rebels
Why is the drilling not done by South African based company rather?
Great presentation.
Thanks Mr G. Lepota
I pray and hope that they will do good by the country and the citizens who are really struggling for jobs and health care right now.
Good for South Africa. We could do with good news right now. Let's hope that this gift is not looted by the powers that be both here and abroad. This could help the people here. A lot.
Great content 👍