JOHANNESBURG, South Africa, Nov. 13, 2013 /CNW/ - Sasol, through its
upstream oil and gas subsidiary, Sasol Petroleum International, today
signed an Exploration Right permit to explore for hydrocarbons on the
East Coast (Durban and Zululand basins), offshore Kwazulu-Natal
province, with the Petroleum Agency South Africa (PASA).
The Exploration Right permit was granted by PASA for an initial period
of three years.
The Durban and Zululand basins are of interest because they sit at the
southern end of the Mozambique Channel. Significant discoveries have
recently been made in the north of Mozambique, most notably in the
"This is Sasol's first operated Exploration Right licence in South
Africa for at least a decade," said Ebbie Haan, Managing Director at
Sasol Petroleum International.
He added that Sasol will ensure that a robust public consultation
programme is implemented during the assessment phase and that
stakeholders' concerns will be addressed. Sasol already has an
exemplary track record in conducting exploration of this nature.
Offshore Mozambique, Sasol has conducted three separate seismic surveys
and drilled three wells with no negative impacts on marine mammals,
including the endangered dugong, whilst maintaining good relationships
with artisanal and commercial fisheries, as well as the tourism and
In 2011, Sasol was granted a Technical Cooperation Permit (TCP 032) to
study and investigate the potential for hydrocarbons, in an area
covering 83 000km.
The granting of the Exploration Right (SPI: 100% interest) permit follows the submission of a work programme in
September 2012, followed by a high-level Environmental Impact
Assessment and Environmental Management Plan completed in February this
Sasol has already completed 4 000 kilometres of a 2D seismic survey in
terms of a programme covering an area of 5 950 km. The remainder will
be acquired in 2014, following which the results will be analysed and
Committed to excellence in all we do, Sasol is an international
integrated energy and chemical company that leverages the talent and
expertise of our more than 35 000 people working in 37 countries. We
develop and commercialise technologies, and build and operate
world-scale facilities to produce a range of product streams, including
liquid fuels, high-value chemicals and low-carbon electricity.
While remaining committed to our home-base of South Africa, Sasol is
expanding internationally based on a unique value proposition.
About Sasol Petroleum International
Sasol Petroleum International develops and manages the group's upstream
interests in oil and gas exploration and production in Mozambique,
South Africa, Canada, Gabon, Papua New Guinea, Botswana, Australia and
SPI is driving the development of Sasol's upstream business to allow the
group to meet its strategic objective of accelerating the growth of its
proprietary gas-to-liquid (GTL) technology. In recent years we have
taken a number of steps to expand our global upstream portfolio,
encouraged by the global abundance of natural gas and the rapid
development of the shale gas industry, as well as the lower carbon
intensity of natural gas. We are investing in ventures ranging from
onshore and offshore conventional and unconventional shale and tight
gas and coal-bed methane.
For further information:
Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;