• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Catalytic Oil and Gas Opportunities In Africa Are Dependent On Prudent Contracting

Sasol Ramps up Investments in Resources-Rich Mozambique

August 17, 2018
Health and Safety in African Mining

Health and Safety in African Mining

May 5, 2023
Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

Shareholders Plan Legal Action Against Mining Company For Unethical Chrome Sale

April 29, 2023
advertisement
ADVERTISEMENT
B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

B.E.D. Cape Town Branch: Consistency, Customer Service and Teamwork

April 29, 2023
Armcoil and Schneider Electric Partner to Deliver SKID Substations to Prominent Mining Group

Armcoil and Schneider Electric Partner to Deliver SKID Substations to Prominent Mining Group

April 29, 2023
Zest WEG’s Expanded Middelburg Branch – Improving Services and Delivery for Customers

Zest WEG’s Expanded Middelburg Branch – Improving Services and Delivery for Customers

April 29, 2023
Clear Gear™ Lubricant Sets a New Benchmark for Reliability in Mining

Clear Gear™ Lubricant Sets a New Benchmark for Reliability in Mining

April 30, 2023
The Agreement to Sell Three of Sappi’s European Graphic Paper Mills to the Aurelius Group Lapses

The Agreement to Sell Three of Sappi’s European Graphic Paper Mills to the Aurelius Group Lapses

April 29, 2023
One Platform to Rule All: Guanajuato Silver Selects Micromine

One Platform to Rule All: Guanajuato Silver Selects Micromine

April 29, 2023
Unlocking Value From Data To Drive Better Business Results

Unlocking Value From Data To Drive Better Business Results

April 29, 2023
Global Energy Leaders Named in Africa Oil Week Advisory Committee

Global Energy Leaders Named in Africa Oil Week Advisory Committee

April 29, 2023
Sappi’s Platinum Sustainability Status Is Once Again Verified by EcoVadis

Sappi’s Platinum Sustainability Status Is Once Again Verified by EcoVadis

April 25, 2023
Rosond Appoints Geotechnical Project Coordinator

Rosond Appoints Geotechnical Project Coordinator

April 25, 2023
  • African Mining Brief
  • Magazine Archive
  • Contacts
Monday, June 5, 2023
African Mining Brief
No Result
View All Result
  • Login
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
MAGAZINE ARCHIVE
ADVERTISE
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
No Result
View All Result
African Mining Brief
No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
Home Mozambique

Sasol Ramps up Investments in Resources-Rich Mozambique

by Jimmy Swira
August 17, 2018
in Mozambique
0
Catalytic Oil and Gas Opportunities In Africa Are Dependent On Prudent Contracting
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

By Arimando Domingos And Savious Kwinika

Maputo/ Johannesburg — SASOL, South Africa’s integrated energy and chemical company, is investing an undisclosed amount of money but running to “hundreds of millions of Rands” as it intensifies oil and gas exploration in neighbouring Mozambique.

Already Sasol had created more than 3 000 jobs in Mozambique since the giant energy company started operations in this southern African resource-rich nation.

The investment follows discoveries of more oil and gas fields in Mozambique’s northern region, near the border with Tanzania.

Several companies from Britain, France, Japan and the United States have thronged the area but Sasol continues playing leading role in ensuring South African market is well supplied while Mozambique’s industry is also catered for.

In the Rovuma basin, more natural gas reserves were discovered with other industry partners such as America’s Anadarko, Italy’s ENI, ExxonMobil (US), French oil giant Total and UK’s Delonex among others.

Sasol, which is Mozambique’s leading natural gas producing company in provinces such as Inhambane, where over 2,6 trillion cubic feet (tcf) reserves have been discovered, processes the energy products at its central facility in Temane, before transporting the liquefied petroleum gas and oil via an 865 km pipeline to South Africa, with a link to southern Mozambique for domestic consumption.

Alex Anderson, Sasol Head of Group Media Relations, said vast oil and gas discoveries were encouraging, hence the Johannesburg-headquartered company was increasing its investment in Mozambique.

“Our ongoing investment in Mozambique affirms our steadfast commitment to the country. Tens of millions of dollars will be spent in shooting seismic and drilling exploratory wells in these new licenses to increase the hydrocarbon resources of Mozambique for the benefit of its people,” Anderson said.

Responding to questions emailed by CAJ News Africa, he said Mozambique remained firmly at the centre of Sasol’s growth strategy for Southern Africa.

“Together with our partners, we plan to expand the supply resource base through exploring for more gas in the acreage acquired through the fifth Bid Round.”

Sasol is currently concluding the fifth competitive bidding round license negotiations to execute the engineering, procurement, construction and commissioning (EPCCs) for Onshore PT5-C, near the Pande and Temane area in Inhambane Province and Offshore A5-A within Angoche area in Nampula Province.

“In our view, Mozambique remains a prime investment destination and we intend to continue investing in the country,” Anderson said.

He said Sasol recently completed a major drilling campaign in the Production Sharing Agreement (PSA) license area, drilling some nine wells in preparation for oil and gas production from the PSA.

“Further updates will be given during our financial results on 20 August,” Anderson added.

He said Mozambique and South Africa were key gas markets where condensate (light crude oil) is exported to international markets from Mozambique.

Sasol, which initiated its drilling of the first well for its PSA license in May 2016, continues the development of integrated oil, liquefied petroleum gas project adjacent its existing petroleum facility.

The initial first phase of the project included 13 wells and an LPG production facility for an estimated cost of $1,4 billion (R18,9 billion).

“We recognize the positive indicators within the market – inflation reduction, strengthening of the metical and improvements in foreign currency reserves. Sasol wishes to work with the Government of Mozambique to find solutions to address current challenges facing the country.”

Anderson said Sasol aspired to continuously drive mutual value creation in the country, with the move anticipated to ensure Mozambique’s hydrocarbon resources benefited all its 29 million people.

Since inception, over 300 permanent and 3 200 temporary jobs have been created through our operations and projects within the country, he said, adding 92 percent of Sasol employees in Mozambique are local.

“We are training over 460 artisans for the sector, and providing additional vocational training capacity in Mozambique,” Anderson disclosed.

In addition, over 700 community-related jobs were created through the community liaison forum.

“We continue to create shared value in partnership with the Government of Mozambique and our partners through Internship and learnership opportunities created at our Central Processing Plant and South African operations,” Anderson said.

Read the original article on CAJ News.

Tags: MozambiqueOil and gas explorationSasol
Share196Tweet123
Jimmy Swira

Jimmy Swira

  • African Mining Brief
  • Magazine Archive
  • Contacts

© 2022 African Mining Brief I All Rights Reserved Powered by Clivo.

No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive

© 2022 African Mining Brief I All Rights Reserved Powered by Clivo.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In