Shell’s South African Partner Warns Against Halting Oil Search

January 26, 2022by Extractives Baraza

Shell's South African Partner Warns Against Halting Oil Search - Bloomberg(Image source: Bloomberg)

By Felix Njini

Shell Plc’s South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life and warned that halting searches could leave the country entirely dependent on crude imports.

There is no evidence that seismic testing has “had any biologically significant impact on any marine populations in areas in which surveys have been conducted anywhere in the world,” Hosken Consolidated Investments Ltd. said in an open letter published on its website. The company is an investor in Impact Oil and Gas Ltd. in which Shell owns a 50% stake.

Shell temporarily halted its search for offshore oil and gas reserves and its vessel left South African waters after a court on Dec. 28 granted local activists an interim interdict blocking any seismic surveys until a ruling can be made on whether further environmental authorization is required.

“Some people may believe the most important social contribution they can make is to inhibit oil exploration in South Africa, but their success will not end our demand for oil,” the company said. “It will simply leave us completely dependent on importing it at huge cost to our foreign reserves.”

Source: Bloomberg

Extractives Baraza

WHAT'S TRENDINGTWITTER FEED
@ExtraBaraza - 6 days

Chinese Miner in Workers Ill-Treatment Storm ➡️ (Image source: W…

@ExtraBaraza - 6 days

Some Plants Can Short-Circuit the Toxic Effects of Metals – Now Scientists Are Trying to Harness Their Power ➡️…

@ExtraBaraza - 6 days

2022 Discoveries Turning Namibia into an Exploration Hotspot, Says Rystad Energy ➡️

@ExtraBaraza - 6 days

Standard Bank Sees Tanzania-Uganda Pipeline as ‘Positive’ ➡️ (Image source:…

@ExtraBaraza - 7 days

The Regional Extractive Industries Hub is holding its Strategic Plan Development Workshop today at…

JOIN OUR EVER GROWING NETWORKSUBSCRIBE TODAY

    GET IN TOUCHFOLLOW US
    MOVE AROUND WITH EASEQUICK LINKS
    WHAT'S TRENDINGTWITTER FEED
    @ExtraBaraza - 6 days

    Chinese Miner in Workers Ill-Treatment Storm ➡️ (Image source: W…

    @ExtraBaraza - 6 days

    Some Plants Can Short-Circuit the Toxic Effects of Metals – Now Scientists Are Trying to Harness Their Power ➡️…

    @ExtraBaraza - 6 days

    2022 Discoveries Turning Namibia into an Exploration Hotspot, Says Rystad Energy ➡️

    @ExtraBaraza - 6 days

    Standard Bank Sees Tanzania-Uganda Pipeline as ‘Positive’ ➡️ (Image source:…

    @ExtraBaraza - 7 days

    The Regional Extractive Industries Hub is holding its Strategic Plan Development Workshop today at…

    JOIN OUR EVER GROWING NETWORKSUBSCRIBE TODAY

      GET IN TOUCHFOLLOW US

      Copyright © 2021 Extractives Baraza. All Rights Reserved.

      Copyright © 2021 Extractives Baraza. All Rights Reserved.