Petroleum Africa
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Wednesday, June 11, 2014
ENI and Sasol have entered into an agreement that has the Italian firm acquiring a 40% interest and operatorship in a block offshore South Africa’s east coast. The agreement is for Exploration Right Permit 236 (ER236) and the permit grants the right to explore for hydrocarbons on a wide offshore unexplored area of 82,000 sq km on South Africa’s east coast in the Durban and Zululand basins.
Sasol was awarded the permit in late-2013 by the Petroleum Agency of South Africa (PASA).
The agreement, which is subject to government approval, reinforces ENI’s position on the East Africa coast, where it is already present with exploration activities in Mozambique and in Kenya.
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