Ikhwezi is a producing conventional gas field located in shallow water in South Africa and is operated by The Petroleum Oil and Gas Corporation of South Africa (SOC). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 397 feet. Buy the profile here.
Field participation details
The field is owned by CEF (SOC).
Production from Ikhwezi
The Ikhwezi conventional gas field recovered 37.46% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 41.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2059. The field currently accounts for approximately 42% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 28.81 Mmboe, comprised of 172.88 bcf of natural gas reserves. Ikhwezi conventional gas field reserves accounts 0.01% of total remaining reserves of producing conventional gas fields globally.
About The Petroleum Oil and Gas Corporation of South Africa (SOC)
The Petroleum Oil and Gas Corporation of South Africa (Pty) Ltd (PetroSA), a subsidiary of Central Energy Fund, is a provider of oil and natural gas exploration and production services. The company produces diesel, liquid oxygen and nitrogen, petrol, kerosene, propane, distillates, eco-fuels and synthetic alcohols. It also develops domestic refining and infrastructure for transport of liquid fuels. The company also sells and markets petroleum products to wholesalers, state-owned companies and gas customers, and trades oil and petrochemical products in local and international markets. It markets most of its fuel products to major oil companies operating in South Africa. The company has operations in the Americas, Europe, Middle East and Africa. PetroSA is headquartered in Cape Town, South Africa.
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