On Monday, July 29, the French oil giant Totalenergies announced it was withdrawing from two offshore gas fields off the coast of South Africa.

TotalÉnergies invokes the “difficulties encountered in developing and promoting these discoveries on the South African market”. Totalenergies is withdrawing from the gas exploitation project in Block 11B/12B off the coast of South Africa, but also from the offshore exploration block 5/6/7. Totalenergies is also announcing its withdrawal from this block located off the southern coast of South Africa, according to the French major in a press release. Block 11B/12B covers an area of 19,000 km2, with water depths between 200 and 1,800 meters. Through its subsidiary Totalenergies EP South Africa, Totalenergies holds a 45% stake there, alongside Qatar Petroleum (25%), CNR International (20%) and the South African consortium Main Street 1549 (10%) and the South African consortium Main Street 1549 (