French oil major Total is set to announce the results of its deepwater drilling operation in the Brulpadda field, offshore South Africa, within days.
Drilling started on the Brulpadda-1AX re-entry well on Block 11B/12B in December, and the company predicts that the potential for a discovery is high and could hold 1.5 to 3 billion barrels.
“The outlook for finding hydrocarbons is extremely high. The question is whether it is gas or oil, and whether it is a good-quality reservoir,” Keith Hill, CEO of Africa Oil Corp, a minority stakeholder in the field, told Reuters.
Total halted drilling in the Brulpadda field in 2014 due to mechanical problems caused by bad weather, according to reports.
Industry sources close to the project say it could end up being a game-changer for Total and South Africa.