About: http://data.cimple.eu/news-article/495b2b39a83ccd7fa26694dc5cc55a206601e11baef23593de8791ed

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rdf:type	schema:NewsArticle
schema:articleBody	French energy giant Total announced Wednesday it had made a second "significant" gas discovery off South Africa's southern coast, months after a similar finding in 2019. The gas deposit was found 175 kilometres (110 miles) offshore near another discovered early last year. "Total has made a significant gas condensate discovery on the Luiperd prospect... in the Outeniqua Basin," it said in a statement. "This discovery follows the adjacent play opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region." The find is expected to bring a much-needed boost to South Africa's ailing economy, already in recession before the coronavirus pandemic hit. Finance Minister Tito Mboweni is scheduled to lay out a much-awaited medium-term budget later on Wednesday which the government is increasingly struggling to fund. Total exploration and production president Arnaud Breuillac said the second discovery showed "the world-class nature of this offshore gas play". In the statement, Breuillac added that Total had acquired "important data" on the reserves that would help the company engage with South African authorities on "possible conditions of... commercialization". Total holds a 45 percent stake in the block, alongside Qatari, British and South African firms. sch/bmm
schema:headline	Total makes second offshore S.Africa gas find
schema:mentions	Great Recession Finance minister Petroleum South Africa Pandemic United Kingdom Severe acute respiratory syndrome coronavirus 2 Outeniqua Mountains Natural-gas condensate Tito Mboweni Davy Arnaud Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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