Sasol has been granted licenses in two on- and offshore fields in Mozambique, which the company will devlop in a partnership with the country’s state oil company Empresa Nacional de Hidrocarbonetos (ENH).
Johannesburg, South Africa – Two of three applications by Sasol for Mozambique’s 5th Licensing Bid 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, a 3,012 square kilometers lot adjacent to the Pande and Temane fields.
Sasol’s began working in Mozambique over a decade ago, when the Pande/Temane natural gas project was developed, in partnership with Companhia Mocambicana de Hidrocarbonetos 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.