Sasol partners with Eni to explore hydrocarbon opportunities along South Africa’s east coast
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
Sasol Petroleum International, the upstream oil and gas subsidiary of Sasol Limited, announced that it has concluded a farm-out to Eni SpA, an Italian multinational oil and gas company, for the exploration right permit 236 (ER236) in South Africa.
The permit was granted to Sasol in November 2013 by the Petroleum Agency of South Africa for an initial period of three years. The permit grants the right to explore for hydrocarbons along South Africa’s East coast in the Durban and Zululand basins offshore Kwazulu-Natal province. In terms of the farm-out, Sasol will transfer a 40% interest in ER236 and operatorship to Eni. Sasol will retain a majority 60% interest. The agreement, which is subject to government approval, signals greater cooperation between Sasol and Eni in Southern Africa.
“The establishment of our partnership with Eni in respect of our offshore South African interests complements Sasol’s strategy to develop sustainable energy solutions, which will serve to ensure all-important economic growth and development in southern Africa and the broader region. In addition, accelerated exploration activity, as represented by ER236, will have many positive benefits for South Africa and the broader region, in terms of energy security and increasing levels of international investment,” said David Constable, Chief Executive Officer, Sasol Limited. Eni is among a number of international energy companies to have recently entered South Africa, which is currently the continent’s largest oil importer.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
