Sasol Obtains Approval for Mozambique Field Development Plan

Energy Press Releases Tuesday February 2, 2016 08:47
JOHANNESBURG--2 Feb--PRNewswire-FirstCall/InfoQuest
Sasol has obtained approval from the Mozambique Council of Ministers for its field development plan (FDP) that will see further hydrocarbon resources developed to support Southern Africa growth.

To be developed in phases, the first phase of the Production Sharing Agreement (PSA) licence area development proposes an integrated oil, LPG and gas project adjacent to Sasol's existing Petroleum Production Agreement (PPA) area. The PPA area is where natural gas from the Pande and Temane fields is currently produced and processed in a central processing facility before being transported via an 865-kilometre pipeline to gas markets in Mozambique and South Africa.

"The Mozambican gas industry is playing an increasingly important role in the regional energy landscape, and this project represents a major milestone in further developing natural resources, which will significantly benefit Southern Africa" said David Constable, President and Chief Executive Officer, Sasol Limited.

"The PSA development is aligned with our commitment to both Mozambique and South Africa, and will enable us to drive our broader 2050 strategy, which reaffirms Sasol's longer term role in Southern Africa," concluded Constable.

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 09 October 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 about 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, Senior Specialist: Media Relations
Direct telephone: +27(0)11-441-3252, Mobile : +27(0)83-773-9457
matebello.motloung@sasol.com
Source: Sasol Limited

Latest Press Release

GULF and EGAT signs Owners Engineer Field Services Agreements

Mrs. Porntipa Chinvetkitvanit, President of Gulf Energy Development Public Company Limited, or GULF, revealed that as GULF is preparing for construction of its Independent Power Producer (IPP) projects, it has recognized the need to seek an expert with...

PTT dedicates for the happiness of Thai people, resulting in being listed on DJSI Index for the 7th consecutive year and its 2nd Industry leader.

Mr. Chansin Treenuchagron, President and Chief Executive Officer of PTT Public Company Limited (PTT) revealed that PTT is relentlessly committed to undertaking business in a sustainable manner; namely, the great importance is placed upon the sustainable...

Trina Solar: A Top Bankable Module Supplier, Third Year in a Row

Trina Solar Limited ("Trina Solar" or the "company"), a leading total solutions provider for solar energy, has received a top rating in the latest annual module bankability report, published by Bloomberg NEF (BNEF). With this latest report, Trina Solar...

Fifth consecutive year of PTTEP as Dow Jones Sustainability Indices (DJSI) member

- Reflects PTTEP's status as one of the exploration and production companies that drive its business with a focus on sustainability - Remains committed to sustainable practices in business, society and environment and adheres to good corporate governance...

The ninth CEO of PTT to carry on the business emphasizing transparency for sustainability

Mr. Chansin Treenuchagron, President and Chief Executive Officer of PTT Public Company Limited (PTT) has unveiled the management concept of PTT for the next two years that PTT strategies will be continued from the previous generation to the next. Our way...

Related Topics