Finweek English Edition - - THE WEEK -

Petro­chem­i­cal group Sasol has started drilling its first well in a new pro­duc­tion-shar­ing agree­ment area in In­ham­bane, Mozam­bique, Busi­ness Day re­ported. The first phase of the project, in which Sasol will in­vest $1.4bn, will see the group drill 13 wells, in­clud­ing one for wa­ter, over the next two-and-a-half years to ap­praise and de­lin­eate the gas re­sources at Te­mane G8 and Te­mane East and the oil reser­voirs at In­has­soro G6 and G10, it re­ported. The gas pro­duced in the first phase is ear­marked for a 400MW gas-to-power plant in Ma­puto, which will be built as a joint ven­ture with the Mozam­bi­can govern­ment. Sasol is yet to make a fi­nal in­vest­ment de­ci­sion on the plant, the news­pa­per said.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.