Sasol, Partners Awarded On- and Offshore Blocks in Mozambique's 5th Licensing Bid Round

PR62374

JOHANNESBURG, Oct. 30 /PRNewswire=KYODO JBN/--

    Sasol has confirmed that two of its three applications in Mozambique's 5th

Licensing Round were successful.

    Sasol (70% interest, operator) and Empresa Nacional de Hidrocarbonetos

(ENH), the state oil company (30% carried interest), were awarded the onshore

Area PT5-C, which is 3,012 square kilometres, adjacent to the Pande and Temane

fields.

    Sasol's commitment to Mozambique began well over a decade ago, when the

Pande/Temane natural gas project was developed, in partnership with Companhia

Mocambicana de Hidrocarbonetos S.A and the International Finance Corporation.

    The other successful bid was for Area A5-A, which is 5,145 square

kilometres, situated in the offshore Angoche Basin. In this block, Eni will act

as operator (34%), with Sasol and Statoil holding 25.5% each and ENH holding a

15% carried stake.

    "Together with our bid partners, we welcome the opportunity to further

participate in the growth and development of Mozambique, the heartland of our

upstream operations. The country has been, and continues to be, a strategic

partner for Sasol," said David Constable, President and Chief Executive

Officer, Sasol Limited.

    Forward-looking statements: Sasol may, in this document, make certain

statements that are not historical facts and relate to analyses and other

information which are based on forecasts of future results and estimates of

amounts not yet determinable. These statements may also relate to our future

prospects, developments and business strategies. Examples of such

forward-looking statements include, but are not limited to, statements

regarding exchange rate fluctuations, volume growth, increases in market share,

total shareholder return and cost reductions. Words such as "believe",

"anticipate", "expect", "intend", "seek", "will", "plan", "could", "may",

"endeavour" and "project" and similar expressions are intended to identify such

forward-looking statements, but are not the exclusive means of identifying such

statements. By their very nature, forward-looking statements involve inherent

risks and uncertainties, both general and specific, and there are risks that

the predictions, forecasts, projections and other forward-looking statements

will not be achieved. If one or more of these risks materialise, or should

underlying assumptions prove incorrect, our actual results may differ

materially from those anticipated. You should understand that a number of

important factors could cause actual results to differ materially from the

plans, objectives, expectations, estimates and intentions expressed in such

forward-looking statements. These factors are discussed more fully in our most

recent annual report under the Securities Exchange Act of 1934 on Form 20-F

filed on 09October 2015 and in other filings with the United States Securities

and Exchange Commission. The list of factors discussed therein is not

exhaustive; when relying on forward-looking statements to make investment

decisions, you should carefully consider both these factors and other

uncertainties and events. Forward-looking statements apply only as of the date

on which they are made, and we do not undertake any obligation to update or

revise any of them, whether as a result of new information, future events or

otherwise.

    About Sasol:

    Sasol is an international integrated chemicals and energy company that

leverages the talent and expertise of approximately 31 000 people working in 37

countries. We develop and commercialise technologies, and build and operate

world-scale facilities to produce a range of high-value product streams,

including liquid fuels, chemicals and low-carbon electricity.

    Issued by:

    Alex Anderson, Head of Group Media Relations

    Direct telephone: +27-(0)11-441-3295

    Mobile: +27-(0)71-600-9605

    alex.anderson@sasol.com

    Matebello Motloung, Specialist: Media Relations

    Direct telephone: +27-(0)11-441-3252

    Mobile: +27-(0)83-773-9457

    matebello.motloung@sasol.com

SOURCE: Sasol Limited