Sasol Signs Exploration Right Permit to Explore for Hydrocarbons in Durban and Zululand Basins, Offshore KwaZulu-Natal
Sasol Signs Exploration Right Permit to Explore for Hydrocarbons in Durban and Zululand Basins, Offshore KwaZulu-Natal
AsiaNet 54985
JOHANNESBURG, South Africa, Nov. 13, 2013/ PRN=KYODO JBN / --
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 Rovuma basin.
"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 conservation sectors.
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[2].
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 year.
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 interpreted.
About Sasol:
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 Nigeria.
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.
Issued by:
Alex Anderson, Group Media Manager
Direct telephone +27(11)441-3295; Mobile +27(0)71-600-9605;
alex.anderson@sasol.com
Jacqui O'Sullivan, GM: Group Communication
Direct telephone +27(11)441-3252; Mobile +27(0)82-883-9697;
jacqui.osullivan@sasol.com
Source: Sasol
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