PetroSA oil within two years

PETROSA expects the first oil from its joint venture mature oil field project with Venezuela's PDVSA 18 to 24 months after concluding a technical study, the company said on Friday.

PETROSA expects the first oil from its joint venture mature oil field project with Venezuela's PDVSA 18 to 24 months after concluding a technical study, the company said on Friday.

Chief executive Sipho Mkhize said PetroSA was investing up to R76million to complete the study within six months. "We could be producing from that field within 18-24 months," he said. - Reuters

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