Sasol Limited · JSE:SOL
Sasol — Corporate Update (June 2012)
22 slides from Sasol's corporate update, Jun 29, 2012
Slide 1: Sasol's response to gas needs in Southern Africa
Sasol’s response to gas needs in Southern Africa Ebbie Haan, Sasol Petroleum International: Managing Director JSE: SOL | NYSE: SSL 29 June 2012
Slide 2: 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 also relate to our future pros
Slide 3: Sasol at a glance
Sasol at a glance ● An integrated energy and chemicals company ● The world’s largest producer of synthetic fuels ● Turnover R142bn1 ● World leader in gas-to-liquids (GTL) and coal-to-liquids (CTL) technology ● Market cap R239bn1 ● >60 years’ experience in CTL, GTL and related ● Listed on JSE (SOL) a
Slide 4: Our strategic agenda: Group imperatives
our strategic agenda Foundation Sustainable growth Definition of victory Operations Accelerate GTL, Excellence Develop and empower focused CTL growth our people Functional Excellence Grow related upstream Group imperatives business Capital Excellence Continuously improve Grow and grow existing asset
Slide 5: Global trends: Sasol's response
global trends: Sasol’s response Global trend Our response What we are doing ● De-link of oil / gas price ● Opportunity to acquire ● Sasol recently acquired ratio creates a window for further shale gas 50% of Farrell Creek and GTL and other gas based Cypress A ● GTL opportunities projects ● GTL proje
Slide 6: Our project pipeline
our project pipeline Feasibility FEED/EPC Accelerate GTL, ● Canada GTL ● Uzbekistan GTL focused CTL ● US GTL ● Escravos GTL Grow chemicals on ● Integrated US chemicals ● Tetramerisation basis of technology or feedstock advantage ● Ethane Cracker ● FT wax expansion New Energy ● Mozambique electricity
Slide 7: Sasol Petroleum International (SPI)
Sasol Petroleum International (SPI) JSE: SOL | NYSE: SSL
Slide 8: SPI's role in the Sasol Group
Sasol Petroleum International’s (SPI) role in the Sasol Group ● Manage the Group’s upstream interests in oil, natural gas and shale gas assets ● Lead all key elements of upstream activity: exploration, appraisal, development and production ● focusing particularly on natural gas opportunities to enab
Slide 9: SPI's asset portfolio
SPI’s asset portfolio Canada Nigeria Papua Gabon New Guinea Mozambique Botswana Australia Current SPI position South Africa Gas licences Oil licences • 8 countries: 3 operated (Botswana, Mozambique and PNG) and 5 non-operated Shale gas/coal bed methane licences • Acreage Net Area (excl TCPs): 54 407
Slide 10: Natural Gas Venture value chain
Natural Gas Venture value chain Mozambique South Africa Royalty Pande Gas 183 MGJ/a Central Natural gas Ressano fields Processing Garcia Rompco Pipeline Sasol Gas • 50% Sasol Gas Facility • 25% iGas • 25% Companhia Moçambicana de Gasoduto PPA Temane • 70% Sasol Petroleum Temane • 25% Companhia Moçam
Slide 11: Overview of natural gas project
Overview of natural gas project A pioneering partnership project between Sasol, the Mozambique and South African governments MOZAMBIQUE ● Developed a resource that was “stranded” for 40 years ● US$1,2bn project • Pande and Temane field development • Central Process Facility (CPF) construction Temane
Slide 12: Delivery on our current assets
delivery on our current assets Optimising our assets ● US$307m CPF expansion project - 50% increase to 450 MMscf/d • RCR of 0,46 achieved, nearing completion • Over 600 Mozambicans employed • US$64m spent on Mozambican suppliers • Domestic gas sales agreements concluded for 25 MGJ/a ● Planned invest
Slide 13: Mozambique licence portfolio
Mozambique licence portfolio 13
Slide 14: Production performance and outlook
production performance and outlook Boe/d Current Production Petroleum Agreement (PPA) with Petroleum Current Production Contracts Current Production Petroleum Agreement (PPA) with Contracts Agreement (PPA) with Contracts 14
Slide 15: We have licenses throughout the maturation funnel
we have licenses throughout the maturation funnel Exploration Appraisal FID Production Abandonment Well Well Yr 0 Risked exploration Discovery potential scope Area A 2 Tcf 1.4 Tcf 1.0 Tcf PPA 2P UR: 16/19 Sofala M10 4.6 tcf PSA M10 (Inhassoro) 1.8 tcf 0.4 tcf Njika Other PSA Discovered 1.0 tcf 0.2 t
Slide 16: Area A: Unlocking onshore potential
Area A: Unlocking onshore potential Expanding existing Grudja discoveries. Identifying additional potential. ● Evaluation focusing on syn- & post- rift plays ● Full Tensor Gradiometry (FTG) proven to be of high quality ● Environmental License obtained ● De-mining and mobilisation of seismic acquisit
Slide 17: First oil discovery in Mozambique: Inhassoro I-9z
sustainable growth First oil discovery in Mozambique … Inhassoro I-9z drilling and testing ● Drilled I-9z well in 2010 and initial test was successful • Became the first light oil 500m horizontal section drilled successfully (first in Mozambique) ● Extended Well Test to further test production rate
Slide 18: Impact of natural gas operations in Mozambique
impact of natural gas operations in Mozambique ● Sasol’s operation has become a catalyst for social development ● US$13m spent on social projects ● Plans in place to have 85% Mozambican operational staff by 2015 (currently 60%) ● 205 contracts valued at over US$64m awarded to local service providers
Slide 19: CSR activities from 2001 to 2011
CSR activities from 2001 to 2011 focused on five different areas - total investment US$13m Over 150 projects are reaching beneficiaries in four provinces along our pipeline and Central Processing Facility Education Health/Clinics Water project Sports Finance 19
Slide 20: The changing Mozambique competitive environment
the changing Mozambique competitive environment presents new opportunities and challenges ● Significant gas finds in Northern Mozambique changing competitive landscape ● The north-western province of Tete holds one of the world's most significant coal reserves ● Pressure increasing on in-country nat
Slide 21: Looking ahead
looking ahead Operations License to operate ● Pursue exploration ● Build local skills and activities supplier capacity ● Optimise current ● Pursue sustainable assets relations with community ● Explore additional Continue stakeholders opportunities to growing our heartland monetise natural gas ● Cont
Slide 22: Questions and Answers
Questions and Answers JSE: SOL | NYSE: SSL