Chesapeake, Statoil and Sasol launch South Africa shale gas bid

摘要

US-based Chesapeake Energy, Norway's Statoil and South Africa's Sasol launched a bid to explore for shale gas in the Karoo basin in South Africa on Wednesday. The trio's application, which was made through Sasol's wholly-owned upstream oil and gas subsidiary Sasol Petroleum International, was officially submitted to the Petroleum Agency SA (Pasa) yesterday and is expected to take about a year to process.