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Sasol Signs Exploration and Production Contract for Concession Area A, Onshore Mozambique

Sasol logo Sasol, through Sasol Petroleum International (Pty) Limited (SPI) the wholly owned upstream oil and gas subsidiary of Sasol Limited, today announced that it has signed an agreement to explore for gas in concession Area A covering approximately 8370km2 onshore Mozambique. The concession Area A is adjacent to Sasol's existing Pande and Temane gas fields.

The exploration and production concession contract (EPCC) agreement was signed in Maputo by the Mozambique Ministry of Mineral Resources, Mozambique's national oil company - Empresa Nacional de Hydrocarbonetos (ENH) and SPI.

Sasol holds ninety per cent (90%) interest in concession Area A and is operator, whilst ENH holds a 10% carried interest.

"Mozambique continues to develop itself as one of Sasol's major hydrocarbon heartlands. We have been involved in Mozambique for more than a decade and this exciting new opportunity forms an integral part of our upstream exploration focus. We are particularly pleased with the support and encouragement that we have received from the government of Mozambique over the years", said Ebbie Haan, Managing Director, SPI.

SPI develops and manages Sasol's upstream interests in oil and gas exploration and production in a number of countries. SPI also pursues gas exploration opportunities to enable it to supply feedstock to potential Sasol Gas-to-Liquids (GTL) plants. In its 60th anniversary year this year, Sasol is regarded a worldwide leader for its technological expertise in CTL and GTL.

Published 22/09/2010

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