Sunday, July 21, 2013

Abundant reserves of shale gas in South Africa have developed proven value

South African National  shale gas  reserves are very rich, has proven the country for the next 30 years to use, with good value for development, for natural gas is undoubtedly the best news. North American crude oil reserves of the richest countries are Canada, the United States and Mexico. Canadian crude oil world's second largest proven reserves of U.S. crude oil proved reserves are mainly located in the Gulf Coast and the Gulf of California coast to Texas and Oklahoma, the most famous, Alaska is also important oil producing areas. The United States is the world's second largest oil producer, but excessive consumption, still has to import large quantities of oil annually. Mexico is the Western Hemisphere's third largest reserves of conventional crude strategy, is also the world's sixth largest oil producer.
Geologists predict, South Africa has abundant shale gas reserves. Distant water puzzled thirst, South Africa Africa's largest economy is still facing shortage of energy supply difficulties, while shale gas development because  Hydraulic fracturing  was halted. With a similar situation in the U.S., fracking is highly debated in South Africa.  hydraulic fracturing  for the energy companies are respected, but the South African environmentalists oppose the application of this technology in the country. U.S. Energy Information Administration said in a report last year, South Africa's recoverable shale gas resources of approximately 486 trillion cubic feet. If the agency's estimate is correct, South Africa will become the world's fifth largest country has  shale gas  resources.
For oil and gas exploration for, and how efficient exploitation of oil and gas can not be ignored is indeed an important aspect.

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