London, UK | – South Africa’s Sasol, an integrated energy and chemical company based in Johannesburg, South Africa and partners were awarded two licences in Mozambique’s fifth licencing round.
Sasol (70 percent interest, operator) and ENH, Mozambique’s state oil company (30 percent carried interest), were awarded the onshore Area PT5-C, which is 3,012 square kilometres, adjacent to the Pande and Temane fields, the South African firm said last week.
The other successful bid was for Area A5-A, which is 5,145 square kilometres, situated in the offshore Angoche basin. In this block, Italian Eni will act as operator (34% percent), with Sasol and Statoil holding 25.5 percent each and ENH holding a 15 percent 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 David Constable, President and Chief Executive Officer, Sasol Limited.
The Institute of National Petroleum of Mozambique (INP) last Tuesday announced the results of the fifth competitive bidding round for Exploration and Production Concession Contracts.
The fifth round commenced on the 23rd October 2015 and companies had nine months to evaluate the available technical data and formulate their applications. The round followed a competitive bid process that evaluated the bids on defined published criteria which included Health Safety and Environmental (HSE), financial strength, technical competence / capability and the economic terms offered to the Mozambican government, INP stated.