Sasol Limited · JSE:SOL
Sasol — Upstream conference (September 2014)
21 slides from Sasol's conference presentation, September 2014
Slide 1: Assets, growth and development strategies: leveraging first mover advantage
assets, growth and development strategies leveraging first mover advantage Ebbie Haan, managing director, Sasol Petroleum International
Slide 2: Forward-looking statements
forward-looking statements Forward-looking statements: Sasol may, in this document, make certain statements that are not historical facts and relate to analyses and other information which are based on forecasts of future results and estimates of amounts not yet determinable. These statements may al
Slide 3: Leveraging our first mover advantage
leveraging our first mover advantage Mozambique resource potential presents new opportunities and challenges Mozambique prioritising in-country monetisation Could Qatar’s growth trend be mirrored in Mozambique? Sasol: acting as a catalyst for development in Mozambique Sasol is well positioned to lev
Slide 4: Mozambique resource potential presents new opportunities and challenges
Mozambique resource potential presents new opportunities and challenges Could the promise be turned into reality? ● Mozambique is on the verge of step change in energy development: • Significant gas finds in the north are the largest global discoveries in the last decade1 • Projects in Tete could pr
Slide 5: Mozambique prioritising in-country monetisation from its recent natural gas discoveries
Mozambique prioritising in-country monetisation from its recent natural gas discoveries Mozambique’s Gas Master Plan prioritises power Palma GTL, fertilizers and methanol Major gas developments Pemba • LNG in Palma and Beira • Gas infrastructure to enable LPG and other Nampula Nacala industries • Fe
Slide 6: Could Qatar's growth trend be mirrored in Mozambique?
could Qatar’s growth trend be mirrored in Mozambique? GDP trend to 2011 GDP trend to 2025 Gross Domestic Product Gross Domestic Product US$ billions US$ billions 200 Oil and Gas 250 Forecast – aligned to historical Qatari growth sector contribute 160 200 58% of GDP 120 150 80 Moz 2011 100 First LNG
Slide 7: Sasol: acting as a catalyst for development in Mozambique
Sasol: acting as a catalyst for development in Mozambique Total gross direct annual contribution to the GoM Total investments in Mozambique US$ millions US$ millions 4 500 450 Forecast 4 000 400 3 500 350 3 000 300 2 500 250 2 000 200 1 500 150 1 000 100 500 50 0 0 FY04 FY06 FY08 FY10 FY12 FY14 FY16
Slide 8: Sasol is well positioned to leverage its advantage in Mozambique's hydrocarbon space
Sasol is well positioned to leverage its first mover advantage in Mozambique’s hydrocarbon space Our unique combination of capabilities enabled by effective partnerships demonstrates our ability to unlock significant benefit for all stakeholders Operations Infrastructure Markets and technology A dec
Slide 9: Building on our strategic partnerships
leveraging our first mover advantage building on our strategic partnerships Operations Infrastructure Markets and technology A decade of sustained gas We have competence in We have proven monetisation production – access to proven building, managing and technologies and established gas and oil resou
Slide 10: Building on our strategic partnerships: the platform for our growth in Mozambique
leveraging our first mover advantage building on our strategic partnerships: the platform upon which we have grown our presence in Mozambique ● Partners in the central processing facility (CPF): Sasol 70% (Operator), CMH 25%, IFC 5% ● Equity in pipeline company (ROMPCO): Sasol Gas 50% (Operator), CM
Slide 11: Contributing to building a talent pipeline for the oil and gas industry
leveraging our first mover advantage In partnership with Government of Mozambique, we are contributing to building a talent pipeline to resource the oil and gas industry. Operations Infrastructure Markets and technology A decade of sustained gas We have competence in We have proven monetisation prod
Slide 12: Driving the development of expertise and skills
driving the development of expertise and skills In partnership with Government of Mozambique, we are contributing to building a talent pipeline to resource the oil and gas industry. Over the next five years we forecast spend of over US$12.4 million for: ● Bursary programme, in partnership with MIREM
Slide 13: Sasol is playing a key role in the development of a domestic gas market
leveraging our first mover advantage Sasol is playing a key role in the development of a domestic gas market and enabling energy security Operations Infrastructure Markets and technology A decade of sustained gas We have competence in We have proven monetisation production – access to proven buildin
Slide 14: The domestic gas market has now developed
the domestic gas market has now developed Royalty gas from the Sasol operated gas fields has successfully stimulated a nascent domestic gas market 5% gas royalty entitlement analysis – GJ GJ (millions) 3.9 2.9 2.6 3.6 2.4 2.1 3.4 3.5 3.5 1.3 1.4 1.8 2.9 3.2 3.4 3.8 3.5 0.6 0.3 FY04 FY05 FY06 FY07 FY
Slide 15: Sasol is playing a key role in developing a domestic gas market and enabling energy security
leveraging our first mover advantage Sasol is playing a key role in developing a domestic gas market and enabling energy security Assisting in driving the domestic energy industry geared to service the region as a whole: ● 25 MGJ/a of the CPF’s expanded capacity sold to industries in Mozambique for
Slide 16: Enabled and sustained by our licence portfolio in Mozambique
enabled and sustained by our licence portfolio in Mozambique Acreage SPI equity License (approx. km2) (%) Partners Status CMH (25%) Pande/Temane PPA 1 728 70 Production IFC (5%) PSA 1 792 100 Appraisal Area A 8 400 90 ENH (10%) Exploration Sofala 5 752 85 ENH (15%) Exploration Petronas (35%) Block 1
Slide 17: Over US$2 billion committed to meet growing market demand
over US$2 billion committed to meet growing market demand PPA production volumes 400 Equity share, risked mmscf/d Forecast 350 300 250 200 150 100 50 0 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Mozambique (PPA) Beneficial Capital Project operation
Slide 18: PSA licence... building on initial foundation to meet evolving market demand
PSA licence... building on initial foundation to meet evolving market demand ● The PSA licence is adjacent to the current producing PPA area: • Separated from the initial commercial discoveries to enable initial development of a 120 MGJ/a project ● SPI conducted two phases of extensive appraisal dri
Slide 19: Our next exploration focus is Area A
our next exploration focus is Area A TOP G6 DEPTH STRUCTURE 0 kms 20 Grudja G-6 G6 FAR STACK AMPLITUDE 0 kms 20 ● 2,247km of new 2D seismic acquired over the entire concession from end October 2012 to mid October 2013, processing being completed ● One large structural high up to 200km2 closure ident
Slide 20: Looking ahead
looking ahead Operations Licence to thrive ● Pursue exploration ● Build local skills and activities supplier capacity ● Optimise current assets ● Pursue sustainable Continue ● Explore additional relations with community growing opportunities to monetise stakeholders our natural gas in country ● Cont
Slide 21: Thank you
thank you