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Sasol, Eni partner on SA hydrocarbon exploration

27th June 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

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Sasol oil and gas subsidiary Sasol Petroleum International has concluded a farm-out agreement with Italian oil and gas company Eni for the exploration of hydrocarbons along the east coast of South Africa.

E

xploration right permit 236, 40% ownership of which Sasol will transfer to Eni, was granted to Sasol in November and entailed the right to explore for hydrocarbons in the Durban and Zululand basins.

Sasol will retain the remaining 60% interest in the permit.

“The establishment of our partnership with Eni in respect of our offshore South African interests complements Sasol’s strategy to develop sustainable energy solutions,” says Sasol CEO David Constable.

Edited by Creamer Media Reporter

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