Petroleum Africa
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Friday, November 15, 2013
South African firm Sasol, through its upstream oil and gas subsidiary Sasol Petroleum International (SPI), signed an exploration right permit with the Petroleum Agency of South Africa (PASA). The agreement between SPI and PASA is for exploration on South Africa’s east coast in offshore Kwazulu-Natal province. The acreage is in the Durban and Zululand basins.
The Exploration Right permit was granted by PASA for an initial period of three years.
“This is Sasol’s first operated Exploration Right license in South Africa for at least a decade,” said Ebbie Haan, MD at SPI. He added that Sasol will ensure that a robust public consultation program is implemented during the assessment phase and that stakeholders’ concerns will be addressed.
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