SA oil and gas: Prepare to meet thy boom - Mosa Mabuza, State’s chief geologist
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- Опубліковано 16 лип 2024
- More than 75 000 people have read last month's BizNews article based on our interview last month with James Lorimer, DA Shadow Mineral Resources Minister where he likened the country's oil and gas potential to the Diamond and Gold booms that transformed the country. At last count, the recording of that interview on UA-cam has been watched by almost 140 000 people. Here's the obvious follow up - the "official" view from the South African State's chief geologist, Mosa Mabuza. His message, based on the science, is equally upbeat. In effect: Prepare to Meet Thy Boom. Good news at a time when the country really needs it.
Video production by Asime Nyide
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They will stuff it up like they have done with this country and their greed.
Africans in general need to be aware of the external forces that are working to gather these resources. It was noticable when Mozambique discovered their gas deposits and all of a sudden terrorist and corporations were waging milita warfare. The like of French Totale, and British Petroluem among others like Chevron etc.
This is something SA needs to be ready for as well.
1000%
Agreed. Unfortunately this is where I agree with Mr Malema. We do need to nationalise our resources and direct that wealth towards re-building our infrastructures, and building for our people, creating manufacturing jobs, etc.
@@marjendemhare5892 Agreed. Russia is thriving bc their incredible leadership makes the State controlled Industries benefit the population. There’s only 1reason that Russia is able to out produce the entire west militarily, is bc it’s Military Industrial Industry is State controlled.
I aggree however as long as they make the right deals with the approval of the NEWLY FORMED NATIONAL GOVERMENT OF UNITY where SA citizens benifits the most and proper checks and balances is made then any foreign investment is welcomed as long as SA IS IN CONTROLE OF THE DEAL so that our future generation don't blame another colonial era of any stupid deals made today,SA has got the experts of any colour whose input should be welcomed to make such deals as they all have learned from the past.
Connected ANC people are going to be the only people to benefit.
ANC is getting out next year.
More for the cadres to eat
Vote them out
Another trough to feed from
Another trough to feed from
This venture is just gonna get destroyed by the Greed of the ANC. U and me are certainly not gonna benefit... Hah
Excellent interview!!!
Can't wait for all the new cars for our ministers.
😅🤣
Very funny😄
🤣😂 lol ohh and golden reamz to boot
Let's vote out the useless, directionless, visionless, selfish and visionless ANC. There are parties led by credible people who have proved that they have conscious and a backbone.
It’s good to see people doing well. Even they are with government sectors.
Only the political bosses will gain from this. I finally capitulated and sold out of all my holdings in SA miners. If you cannot have reliable power it is impossible to run a mining business, especially when the business is constantly getting a shake down from the government and unions.
We import 5/6th of our crude oil. We pay for those imports with dollars. That translates into massive capital outflows and is a major contributor to the strength of the rand. Even if only the politically connected will have direct gains, South Africa as a whole will gain indirectly due to a stronger rand.
When you have a negative mind you'll never realise that there's also a positive outcome and that what matters.
@@MartinMenge so true but now SA is importing electricity instead of exporting it. If the oil could be scooped up as the coal, I’d agree. And who is benefitting from exporting the coal by SA?
@@user-in6hr6qp2m if you are living in SA and you have a positive mind regarding South African politicians governing the country, you do not care about the 20 000 people getting murdered every year, loadshedding, potholes, transito robbery, brainpower fleeing, etc., etc.,etc.
ANC 4:49 need to be dethroned for this country for its poorest of poor to prosper .
Just feel for the people in the townships and squatter camps ,especially in winter .
Those are the ones who voted themselves into “prosperity “
😓😓😓the comrades only eat they dont care about our people.
👏🏿👏🏿👏🏿👏🏿
Most interesting summary Mr Mabusa carry on the good work
The doom and gloom in the comments section is worrisome. Guys, it's not easy but we have to make sure that we vote the ANC out of power for the betterment of the citizens of this country. I can probably accurately ascertain that all of us regardless of class (Upper Middle Lower from a financial tiering scale) we are all suffering the interest rates hiking up, inflation taking a brisk walk (not a runaway yet) food prices are through the roof and fuel costs are unreasonably high. I wont even start with Eskom. We need a new Government that will have the best interest of the citizens first and foremost. Build capacity to be able to extract shale, and extract the oil we have offshore, refine it and consume what we need and sell the rest and drive a massive infrastructure upgrade and roll out, new cities & new universities. All this wont be realized in our lifetime but at the very least let us see the ball rolling. ANC will sell us out to the highest bidder dont get it twisted. Look at what they have done to Eksom with coal. Imagine what they would do with Supply Chain of Gas/Oil.
Reminding the few commenters in this line, wouldn’t help much. The ones who voted ANC and now stay away instead of voting for a different party, are the problem. They are not democracy ready yet. No jobs. Let’s steal to live.
Nigeria is swamped with fossil fuel… how has that benefited the public and the country ? -- NIL --
corruption. The government sell to US
Nigeria is Africa's largest economy and will be one of the largest economies in the world by 2050. All because of oil
Interestingly enough only 27% of the eligible voters voted in the last election in Nigeria. They know that it really makes no difference to vote or not. All politicians in Nigeria are equally corrupt.
@@ohlangeni another corrupt fucked up African country on this continent, lived and worked there for many years.
@@ohlangeni go to Lagos. Hire a car and see what’s it like to drive through the city.
Remember to hire armed guards who are familiar with the situation.
With what we've got on shore and off shore, there is a potential for us either to become another Norway or God forbid another Nigeria or Venezuela. While all these riches remain untouched, it can go either way. There will be a fight, and the prize is our further prosperity or misery
We need a nationalist leader not these cadre morons
South Africa can only become Venezuela under American sanctions
well said...👌
Sorry for the ANC only. They will walk up to a poor hungry child, look in his eyes, and grab his food from his hands.
The only way of ensuring that ANC doesn't loot is to vote them out in 2024!!!
Best news I heard all day
Good news indeed.
Great interview. Thank you
The oil industry the world over is fraught with problems and conflicts as well as controversy… when billions of dollars are involved by interests who knows what benefits will actually accrue to the country
All that gas can be lost if you do not have proper well management as happened in the case of Mossgas. The gas and condensate is still there but the rock pores are clogged because people in the office did not heed sound advice and guidance by experienced operators in the field.
Can you imagine the disaster this will bring
Yes. Madupi and the other one...sound like kusili? They cannot even build a power station. If Shell does the job, I can only imagine how much bribes will have to be paid. Would be the most expensive fuel in the world.
Exactly. “Regime Change”, anyone?
@@gregoryburne5251 it won't help, throughout history governments have done the population NO good. And now Rsa is in a cycle which until civil war cleans it completely it will always be in chaos. RSA was very close to a civil war around 1988, it should have happened and by now 2023 the country would be ship shape in all ways. Singapore, Switzerland, Austria, Mauritius, Rwanda have expert governance.
@@neilarmitage6632 Nah, Neil. I meant that we’d better get ready for a US regime change( our stance re Ukraine), and Energy.
@@neilarmitage6632 Yes I think a civil war then likely would have had a better outcome than what followed instead.
Keep up the good work Mr mabuza
God is good...❤
More opportunities for ANC cronies to prosper? Maybe another success story like Eskom. Make sure not to employ anyone that might have a clue what they’re doing.
To steal......
What to do with ANC
Who is going to trust a Kakistocracy with the fracking of shale gas ? Specifically with Mantashe as Minister of Energy ?
Oh No. This gov has learned its lessons with SAL, Eksdom, Petro SA and more. Give them this gas and oil project to explore. They will make one moerse success out of it!
And do not be so negative!
Wooow shine on us the Africans 🎉❤
Is that the whooping & giggling of ANC already circling around the trough, I hear? "We must eat!"
Ok, so take the public into your confidence and explain who benefits from the largest gas discoveries along South Africa's coastline, the Ibhubisi Gas Field. The Canadians said they would not build the onshore infrastructure for lack of guarantees. Instead , they would extract, then liquify the gas on the surface, pumping the liquid gas back into the cavern from whence it came.
The implications are, 1. Oversight of the process i.t.o. auditing the quantities o gas processed 2. monitoring the extraction of liquid gas 3. Protecting the offshore stores of liquefied gas. amongst other concerns.
How is or has this project benefited South Africans? Why is South Africa wanting to frac when this resource can provide enough gas? If piping gas to Mossgas is not feasible, why not use State-owned tankers? The State could also put out to tender the transhipment of gas to any suitable vessels rounding the Cape en route.
Meanwhile, the South African coastline has been auctioned of to many Foreign Companies. There is too little coverage and disclosure of these activities. Something smells absolutely rotten.
imho.
😅 and the DA says as a government will give away 90% and keep a 10% stake... the current gov has actually setup a National oil company ..so
😢😢😢😢😢DA
This is very good for our economy, i cant wait for it to start
Good interview. Very informative.
Thanks for this positive intervie Alec and Mr Mabuza....but as you say its up to the politicians to make ...or break these fantastic discoveries ...?
Mr. Mabuza stay out The Western Cape. As well as Anglo America. The rest of SA has pretty much succumbed to greed. Appologies for my doom gloom and maybe should not comment on your business channel but really this is what it is about. Power and greed. Salute.
Where are we going to get the water for the fracking fluid? And what are we going to do with the waste fracking fluid? How are we going to ensure that the environmental regulations on fracking are enforced.
Good news. They have the drill.
Bad news.
Oil and gas with no security
So much potential in this country with proper governance and right policies This country can be China of Africa
The Africa of Africa. Stuff the Chinese.
@@milorudge5110 differently put ,the economic super power of Africa,this is what I mean
@@sizwenkosi8882 China is certainly not the most prosperous country in Asia, their GDP per capita is often not much above RSA
@@r.mariano8118 almost every non perishable item you used are manufactured in China it’s second work biggest economy 19 Trillion dollar economy and we are not even 1/4 of that
Why very few Black owned businesses listed on the JSE?
They want to own all shares themselves. Do not want to share. Companies need apply to the rules when listed.
Good luck for the ordinary SA who just want food, a job, a crime free society, they will not see a cent.
Look at experiences in the Netherlands with earthquakes caused by 40 years of gas extraction in the northeast of the country.
The only way all these discoveries will benefit South Africa and place it on trajectory for success is without the ANC. What I wish for a model that the UAE AND Qatar uses, for the state to own minimum 51% of all oil and gas companies, the governments that came before blundered the gold and platinum sectors, and South Africa didn’t really benefit from its resources as the UAE benefited from their oil. You’ll find poor and miserable communities just 10km from a mine that has made billions of dollars, and that makes me very angry.
I think this is the opportunity for government to now test the nationalization of minerals and energy sources.
Natural resources need to be nationalised so that we as the people of SA can benefit from our soil. In say that we need a different leadership. We dont know what is in the CODESA agreement.
This Interview just made me realise the urgent need for us to vote the ANC out of Power, I am not sure whether to be happy or sad looking at most of the things this Government has destroyed. Rail, Eskom to name a few.
This windfall must be used to the beneftit of all south africans asap. Better lving standards for all
At present, Eskom is the best and easiest-to-run enterprise for serving the poor. Shall we say more....
good news
Dream on Mr mabuza
Energy security means you must prreserve the resources for yourself....🎉🎉🎉
SA doesn't have a government that will maximize resource and energy windfalls for the greater good of the population. It will be unscrupulous politicians that benefit the most. there are many, many examples in the world of resource rich countries that are socially bankrupt
Whats next? SA space program.
The colonizers are salivating. The oil revenues should be used exclusively bringing equity to SA. Provide proper education, housing, medical care etc for Black and Coloursd people.
Appologies taken back as I see the other Comments of people agreeing with me.
This guy is just blowing hot . i guess he just positioning himself for lucrative BBE deal
Its useless to public but beneficial to the politicians. We don't even want the money we just want proper roads ,schools, infrastructure .The country must molded into environment we young South Africans can thrive and have excessive opportunities to better their lives
You do know taht if citizens had any sense, they can put these politicians out of a job. But, unfortunately our citizens are foolish.
Politicians are killing South Africa 🇿🇦 because of their greediness.
God bless all the fossil in Africa
🎩
Well, they trained you like all others! Surely you know, they Occupy other Nations resources!
What about SA's commitment to the SKA. This project requires a 'silent' environment (ground tremors and radio signal should be minimal) so as not to affect the sensitive detector systems , esp around the Karoo areas near Carnarvon.
How much does SKA add to South Africa's fiscus and real development?
After installing all its green energy requirements, how will the SKA project be costing the Country, nothing, niks?
The area occupied by SKA was proposed to be extended all the way to Port Nolloth, now that is a large area to handover to foreign interest groups or an indeterminate amount of time. What I would be curious to find out are the guarantees, if any, attached to the SKA contracts.
imho.
@@innovruptly1769 granted, but the government signed the international agreement that gave us 60% of the SKA project. Scientific development, international cutting edge research collaborations, investment in AI, computer hardware and software development, is hardly something to sneeze at. Why would we choose a potentiality detrimental activity that benefits only a few to something that can uplift the nation on many other fronts. Why do we continually choose the low road when a better future beckons?
The only way for people to benefit from these resources is if we can apply the Alaska model of beneficiation.
This will be the next avenue corrupt politicians and businesses will bleed dry. A country having natural resources does not always mean prosperity for the country.
Team Lemming is doing well these days. 🙂
Alec you said: now let's let the politicians figure the rest out!!?? EXCUSE me.... BUT rather NOT! The politicians are THE reason why SA is in the mess that we are in!! Let the experts & Pvt enterprise figure out & execute EVERYTHING..... PLEASE 🙏🙏
Bullshit you want to take everything from the people and give it to the private companies just because of ANCs corrupt activities
Hope all South African s will benerfit out of thjs oil and gas
I am some what glad that this is happening right when the world is moving to a multipoler world order with a number of super powers we can choose from and it is all good that politically we seem to be moving to a true democracy with equalized power sharing, hopefully we will be able to keep eash other in check and transform our country once and forever.
I am aware of a sinister friendship toward Putin and his oligarchy.
Maybe in fantasy land, that place you people seem to live in permenantly. All these big ideas in your head, when reality comes they all fail.
The People Shall Share In The Country`S Wealth!
Don’t count on any boom, ANC criminals have already spent the profits with the Gupta’s.
Gwede Mantashe is gonna be fithy rich
The state's ineptitude and inability to do things commercially sound and at scale will reduce this to just another pipedream.
The oil and gas curse!!!!
Fatter cats laughing all the way to bank( couch ,under the mattress etc).
careful it's not another kind of BOOM ...as in fireball frying in mass
I lost count on the amount of brain farts (ehhhh) this guy had in this conversation.
ANC EfF MK must be totally isolated they are country destroyers lets vote DA in so that SA can be rich again cadre deloyment to be abolished
if shale gas drilling is so dangerous for the environment, why is Karpowership allowed to dock on our shores, after the fact that they can't provide an acceptable impact study??
Power hungry people must come out now. We are talkjng progress in discoveries.
They must go the bush to fight😅😅
Therefore capexit won't happen even more. Or will be a real success.
Bull
Shit baffles Brian’s 😊😊
I’m into oil and gas business, perhaps we can make a deal and share big commissions. Currently I have buyers for petroleum products and bulk BTC. does anyone know any seller that can supply ?
I have a supplier who owns oil and gas company in Dubai and he can supply any quantity your buyer may require. what products do you need?
Seller is a friend of mine from China. He is from the gaming industry who does this crypto trading with poker players all across the globe. we can do business and share good commission, i am very much interested.
I have wondered why Mandela opposed a Khoisan or so called Colored Homeland in the Karoo? So what are the Buntustans by another name? Traditional Tribal Territory I believe ; except for the First People; the Khoisan.
You're reasoning is foolish looking at the fact that Mandela did have San ancestry 🤔
More to steal
SA govt has proved itself to be inept and must step aside and allow the private sector to develop SA resources both onshore and offshore as is happening in Mozambique and Namibia.
credit where it's due, Cyril's govt finally acquiesced to the reality that without private sector we are doomed. It's a great start hoping the next post ANC govt will take it forward.
Sorry cannot listen to him. Hoggwash!!! Eh, eh, eh, eh
Well he is not the best of speakers so i wonder how he got his education.
@@gustabeumer688 what BS!
@@gustabeumer688 Speaking good English is a measurement of a human being's intelligence
@@gustabeumer688 You can’t be serious? Speaking good English is a measure of intelligence and education? You’ve just just proven to opposite.
@@gustabeumer688 He actually said in the begining. Anglo American groups with inmo foreign policy money aka CIA funding, pushed vast amounts of activist blacks into the various managerial positions in a bloated democratic government. He's literally just another black with an axe to grind against white people, being funded by other whites from hostile countries that didnt like SA being independant.
Oh please help us all : as this will need lwater and electricity - How and Where ? which is horribly broken country wide - I think this needs to be fixed up first, then keep the cadres out of the basin pit . Thanks Alec , another Pipe Dream.
Gas is 5X more expensive than grid-quality Solar - has no one told these people that the fossil fuel industry has a 15 to 25-year life span before it is OVER. these fossil fuel proponets are just that fossil thinkers out of touch with modern technology and a cost advantage in Multiples cheaper, not a few percent but Multiples cheaper.
South Africa's Value lies not in what is inside the ground, but what is ON TOP - 820,000 square kilometers of Desert and semi-desert, just like the area around Beaufort West. Cloud cover in a year is absolutely ideal for grid-quality Solar/ Vanadium GW storage. Following a successful EIA study, they could have 5 or more Gigawatts up in a year 20GW in 2 years; long before any Gas operation could even start being built? money spent on trying to destroy what little groundwater is in the karoo is a waste of time, and it could never compete from a capital cost ..
India installed 2.25GW for $1.4B (2020), a 2.25GW Gas fired-powered generation would cost $ 6 billion (excluding the cost of getting the gas out of the ground) and take at least 5 years to commission - oh sorry this is an ANC run project lets Tripple the Budget and double the installation time $18 Billion and 10 years instead of ONE!
The ANC will find a way to stop it from ever leaving the ground.
With guys like this at the helm we are totally stuffed
lol why?
Selfish, hypocrical, lawless and abusive Malema will spoil it all
Lies
Now America wil invade
Kleptomaniac anc will be climbed all over each other to get in the feed trough line, imagine the chaos and greediness to come? Nothing will filter down to the common man that needs to benefit from the country resources!!
Even if the proceeds are diverted to the corrupt it will still benefit the economy. We import 5/6th of our crude oil. Those imports are paid for in dollars. That represents massive capital outflows that contribute to weakening the rand. These fields can easily make us energy independent and we will probably export as well. Which will represent capital inflows and contribute to strengthening the rand.
Oh man I promise you the ANC can't wait to start stealing this money!
Good to see that all is well in South Africa.Thank god we have nothing to worry about and praise God for our rulers,who will share all this wealth with us!
Were you able to type this out without bursting into laughter? I can't stop laughing 🤣
@@ProsperNyawuza Thank you for your reply. I had a sad smile as I typed my message. So sad, so sad. Bless you.
Empty heads always make flippint comments when they do a monolog
When confronted with 'intelect" their sand castles crumble