SASOL INVESTS IN MOZAMBIQUE
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.