Mozambique: Sasol is Set to Explore Oil Wells in Mozambique

sasol_ceo

Sasol’s efforts to take advantage of Mozambique’s significant oil and gas resources have paid off as the company is set to explore wells after two of its three applications in Mozambique’s fifth Licensing Round were successful.

Sasol (70%, operator) and Empresa Nacional de Hidrocarbonetos (ENH) the state oil company, (30% carried interest) were awarded the onshore Area PT5-C, which is 3 012 square kilometres, adjacent to the Pande and Temane fields.

Sasol’s other successful bid was for Area A5-A, which is 5 145 square kilometres, situated in the offshore Angoche Basin. In this block, Italian oil company Eni will act as operator (34%), with Sasol and Statoil of Norway 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 Sasol CEO David Constable.

Mozambique last year opened bidding process for 15 blocks with hydrocarbons potential in Rovuma, Zambezi and Angoche (all offshore) and the onshore Pande-Temane and Palmeira.

Apart from Sasol, this attracted interest of major energy companies such Eni and ExxonMobil, the world’s largest private oil company.

Source: Fin24

Gal Despachos Aduaneiros en Maputo | Clearing Agent in Mozambique | Top Website | http://www.galclearing.com
The Leader in Oil & Gas Industry Mozambique | Hydrocarbon Logistics Centre | The Pemba Logistics Base | Nigerian company Orlean Invest | Portos de Cabo Delgado (PCD) | Top News Website

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s