Petroleum Agency SA

Petroleum Agency SA
Petroleum Agency SA is a South African state-owned company established through a Ministerial Directive issued in 1999. The Mineral and Petroleum Resources Development Act which came into effect on the 1st May 2004 and in terms of this Act, Petroleum Agency South Africa (PASA) received its mandate to operate. The Agency has three main roles: to evaluate and promote oil & gas potential exploration and production activities in South Africa, to regulate oil & gas exploration and production industry and to archive all geotechnical data produced through oil & gas exploration. The Agency acts as an advisor to the government on issues regarding oil & gas exploration and production, and carry out special projects at the request of the Minister. The company's vision is to create a viable, sustainable and responsible upstream industry in South Africa; and its mission is to promote, facilitate and regulate exploration and sustainable development of oil and gas in South Africa.