Mozambique: South Africa’s Sasol to start prospecting in Mozambique’s offshore area

17 July 2008

Johannesburg, South Africa, 17 July – South African petrochemical group Sasol said Wednesday in Johannesburg that it would start prospecting for oil and gas at its Mozambican offshore project in the third quarter of 2008.

In a statement issued on its website, the group said it planned to put the natural gas on sale in the Mozambican and South African Markets if the prospecting was successful.

The statement also said that, together with Mozambican company ENHM it had signed a lease agreement for a mobile offshore drilling unit as well as for towing and anchor handling vessels with the Varum Shipping Company.

“The drilling of explorations wells will take place in deep water, well away from the shallow environmentally sensitive waters of the Bazaruto Archipelago (…) expected to be completed by year end,” the statement said.

Sasol Petroleum Sofala Limitada (SPS) and ENH are the concession holders of Blocks 16 and 19 offshore Mozambique. The exploration area covers about 11 000 square kilometres and is directly opposite Sasol’s existing onshore gas operations at Pande and Temane. (macauhub)