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Sasol adheres critical ethos on Blocks 16/19 project

Date: 
18 May 2020

Sasol remains committed to protecting critical ecosystems, livelihoods and the sustainable utilisation of Mozambique’s oil & gas reserves in a manner which benefits local communities and all our stakeholders. . 

Our approach to assessing the potential of shallow water Blocks 16/19 has always, and will continue to, follow this critical ethos.  

Sasol has acknowledged and are respectful of the significant amount of interest from the public as well as the communities that could be affected by any potential exploration project during the recent stakeholder engagement process. 

All the comments received will be incorporated into the Environmental Pre-feasibility and Scoping Report (EPDA) report which will then be used to define the terms of reference to the next phase of the Environmental Impact Assessment (EIA) process. 

As a responsible corporate citizen in Mozambique, Sasol will ensure that concerns and comments from diverse stakeholders are critically evaluated, considered, as well as provide updates on any progress and way forward regarding the project.

 

Sasol may, in this document, make certain statements that are not historical facts that 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 prospects, developments and business strategies. Examples of such forward-looking statements include, but are not limited to, statements regarding exchange rate fluctuations, volume growth, increases in market share, total shareholder return, executing our growth projects (including LCCP), oil and gas reserves and cost reductions, including in connection with our BPEP, RP and our business performance outlook. Words such as “believe”, “anticipate”, “expect”, “intend", “seek”, “will”, “plan”, “could”, “may”, “endeavour”, “target”, “forecast” and “project” and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialise, or should underlying assumptions prove incorrect, our actual results may differ materially from those anticipated. You should understand that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors are discussed more fully in our most recent annual report on Form 20-F filed on 28 August 2018 and in other filings with the United States Securities and Exchange Commission. The list of factors discussed therein is not exhaustive; when relying on forward-looking statements to make investment decisions, you should carefully consider both these factors and other uncertainties and events. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
 
Please note: One billion is defined as one thousand million. bbl – barrel, bscf – billion standard cubic feet, mmscf – million standard cubic feet, oil references brent crude, mmboe – million barrels oil equivalent. All references to years refer to the financial year 30 June. Any reference to a calendar year is prefaced by the word “calendar”.