Wsp Global Inc · TSX:WSP
Wsp Global — Teepsa — Technical Presentation (October 2023)
11 slides from Wsp Global's technical presentation, October 2023
Slide 1: TEEPSA Offshore Production Block 11B/12B Economic Impact Assessment
TEEPSA OFFSHORE PRODUCTION BLOCK 11B/12B ECONOMIC IMPACT ASSESSMENT OCTOBER 2023
Slide 2: Methodology and Key Assumptions
METHODOLOGY AND KEY ASSUMPTIONS • Economic Impacts Quantified using the South African Social Accounting Matrix • Only goods and services and money spent in the South African economy was quantified as an economic impact • The baseline CAPEX and OPEX costs used as inputs into the model were benchmarke
Slide 3: Economic Impacts (During Exploration Well Drilling)
ECONOMIC IMPACTS (DURING EXPLORATION WELL DRILLING) Before With mitigation/ Phase Impact mitigation/ enhancement enhancement Exploration Positive impact on production and GDP Very low (+) Very low (+) well drilling Positive impact on employment Very low (+) Very low (+) Positive impact on household
Slide 4: Economic Impacts (During Exploration Well Drilling)
ECONOMIC IMPACTS (DURING EXPLORATION WELL DRILLING Impact Direct Indirect Induced Total Economic output R425.3 million R248.9 million R258.4 million R932.5 million GDP R219.7 million R113.5 million R104.1 million R437.3 million Employment 205 jobs 331 jobs 342 jobs 878 jobs SECTORS GENERATING JOBS:
Slide 5: Economic Impacts (During Construction)
ECONOMIC IMPACTS (DURING CONSTRUCTION) Before With Phase Impact mitigation/ mitigation/ enhancement enhancement Construction Positive impact on production & GDP (TEEPSA Component) Very Low (+) Medium (+) Positive impact on production & GDP (PetroSA High (+) High (+) Component) Increased/ sustained p
Slide 6: Economic Impacts (During Construction)
ECONOMIC IMPACTS (DURING CONSTRUCTION) Impact Direct Indirect Induced Total TEEPSA Phase R928.6 million R674.0 million R489.0 million R2 billion Economic output R353.6 million R251.4 million R197.5 million R802.5 million GDP 634 jobs 801 jobs 651 jobs 2 086 jobs Employment PetroSA Phase R13.0 billio
Slide 7: Economic Impacts (During Production)
ECONOMIC IMPACTS (DURING PRODUCTION) Before With Phase Impact mitigation/ mitigation/ enhancement enhancement Operation Positive impact on production and GDP Medium (+) Medium (+) Positive impact on employment Medium (+) Medium (+) Positive impact on household income Medium (+) Medium (+) Positive i
Slide 8: Economic Impacts (During Production)
ECONOMIC IMPACTS (DURING PRODUCTION) Impact Direct Indirect Induced Total Economic output R1 4 billion R883.0 million R790.1 million R3.0 billion GDP R690.7 million R376.5 million R318.6 million R1.4 billion Employment 266 jobs 1 201 jobs 1 011 jobs 2 478 jobs SECTORS GENERATING JOBS: • Transport an
Slide 9: Economic Impacts (During Decommissioning)
ECONOMIC IMPACTS (DURING DECOMMISSIONING) Before With Phase Impact mitigation/ mitigation/ enhancement enhancement Decommissioning Positive impact on production and GDP Low (+) Low (+) (Procurement of goods and services for Positive impact on employment Low (+) Low (+) decommissioning activities) Po
Slide 10: Economic Impacts (During Decommissioning)
ECONOMIC IMPACTS (DURING DECOMMISSIONING) Impact Direct Indirect Induced Total Economic output R1.0 billion R626,7 million R563.9 million R2.2 billion GDP R463.8 million R253.8 million R227,5 million R945,1 million Employment 396 jobs 737 jobs 723 jobs 1 856 jobs SECTORS GENERATING JOBS: • Mining •
Slide 11: Mitigation Measures
MITIGATION MEASURES • Increase procurement of goods and services from South African businesses where feasible. • Sub-contractor procurement policies for local (IZOI) suppliers • Preferential contracting of local (IZOI) companies for goods and services • Community/ stakeholder engagement on procureme