[miningmx.com] – ROYAL Dutch Shell may only drill South Africa’s northwest coast two years later than planned owing to regulatory uncertainty, said Bloomberg News in an article republished by BDLive.
“It is very difficult to go my bosses in the Hague and say I suggest we drill a well but I don’t know exactly what the rules and regulations are,” Jan Willem Eggink, general manager for upstream at Shell’s South African unit, told the newswire.
Drilling that was planned to start this year might take place in 2016 as there was uncertainty as to whether the South African government would legislate a free carry on petroleum projects set down in amendments to the Minerals & Petroleum Resources Development Act.
Click here to read the full article
