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Sasol production sharing agreement development project, Mozambique

25th August 2017

     

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Name of the Project
Sasol production sharing agreement (PSA) licence area development project.

Location
Mozambique.

Client
Sasol.

Project Description
The field development plan will result in further hydrocarbon resources being developed to support Sasol’s Southern Africa growth drivers.

The first phase of the PSA licence area development proposes an integrated oil, liquefied petroleum gas and gas project adjacent to Sasol’s petroleum production agreement (PPA) area. Sasol already produces gas and condensate from the Pande and Temane fields in the PPA area.

The project includes the development of a fifth train at the central processing facility to process additional gas from the PSA licence area.

Jobs to Be Created
Not stated.

Value
Tranche 1 of the first phase of the PSA development project, including the fifth train, will cost an estimated $1.4-billion.

Duration
Sasol expects to complete a 13-well drilling programme by the end of 2018. The project’s beneficial operation date is 2020.

Latest Developments
A 13-well drilling campaign, comprising five gas wells, seven oil wells and a water well, is under way. The programme’s current focus is oil prospects.

Sasol reported in its financial results for the year ended June 30, 2017, that four oil wells and two gas wells have been drilled and tested.

The gas reserves were promising and in line with expectations. However, Sasol said that oil production was expected to be in the mid- to lower-end of of the range anticipated in its field development plan. The company is adjusting the surface facilities design and oil field development plan to match the lower volumes, which should result in “substantial” capital savings.

As part of the PSA programme, the first onshore Mozambique 3D seismic programme has been successfully undertaken.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The first phase of the development of the PSA licence area remains on budget and on schedule.

Contact Details for Project Information
Sasol head of group relations Alex Anderson, tel +27 11 441 3295 or email alex.anderson@sasol.com.

Edited by Creamer Media Reporter

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