Newspaper article The Canadian Press

CNQ Partners in 'Significant' South Africa Offshore Oil and Gas Find

Newspaper article The Canadian Press

CNQ Partners in 'Significant' South Africa Offshore Oil and Gas Find

Article excerpt

Canadian firm reports South Africa discovery

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CALGARY - Canadian Natural Resources Ltd. says its partner in an deep water offshore drilling project in South Africa is reporting a "significant gas condensate" discovery.

The Calgary-based company best known for its Alberta oilsands production traded an ownership stake in the offshore exploration block known for its challenging sea conditions to Total S.A. in 2013, in return for the French oil giant taking over as operator and covering initial exploration costs.

Kevin McLachlan, Total's senior vice-president of exploration, says in a news release that the discovery is "a new world-class gas and oil play," adding the company and its partners plan to acquire 3D seismic scans this year, followed by up to four more exploration wells. …

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