Companies

Sasol gets approval for Mozambique field development plan

Monday, 01 February 2016 14:52

Sasol has announced that it has been granted approval by the Mozambique Council of Ministers for its field development plan (FDP). This field development plan will allow the company develop more hydrocarbon resources to support the growth of Southern Africa.

The plan is to be developed in phases. The first phase of the Production Sharing Agreement (PSA) licence area development offers an integrated oil, LPG and gas project next to Sasol's current Petroleum Production Agreement (PPA) area. Gas from the Pande and Temane fields is at present being produced and processed in a central processing facility at the PPA area, before it is being conveyed through an 865-kilometre pipeline to gas markets in Mozambique and South Africa.

The Mozambican gas industry is playing an increasingly important role in the regional energy landscape, and this project represents a major milestone in further developing natural resources, which will significantly benefit Southern Africa” David Constable (photo), President and CEO of Sasol Ltd said.

He added that the PSA development is associated with the company’s pledge to both Mozambique and South Africa, and it will allow Sasol drive its bigger 2050 strategy, which reiterates the company's longer term role in Southern Africa, PR Newswire reports.

Anita Fatunji

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