Petroleum Africa
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Tuesday, January 27, 2015
South Africa should see the announcement of Transnet’s preferred bidders for a new jetty and deepwater oil rig repair quay at Saldanha Port on the country’s west coast. Transnet, South Africa’s state-owned logistics group, said the preferred bidders would be revealed by September.
The location of the port could offer a cost savings for oil firms operating on both the west and east coast of Africa. Currently a significant amount of rig work takes place at repair hubs in Europe and Singapore.
Transnet and government officials were quoted in a Reuters report as saying the drop in crude prices was a temporary setback and firms were still keen to build a new jetty and rig repair quay. The projects are due to be commissioned by 2018.
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