Why Brulpadda gas find may only see production in 2027

JOHANNESBURG — The recent announcement by energy company TOTAL that it had discovered a major oil and gas find off of South Africa's southern coast sparked a lot of excitement recently. There's been talk that the find contains up to 1 billion barrels and economists have already started calculating the potential economic benefit to the country. But while the discovery is exciting and there's the further prospect of more oil and gas being found in that part of the ocean, it could still take almost a decade before any production starts. This is according to Adelwale Fayemi, who is the MD of Exploration & Production in SA for energy company TOTAL. In an interview with us at BizNews, Fayemi explained what exactly the find could entail in years to come. - Gareth van Zyl