fbpx Sasol signs Partnership Framework Agreements with Wood & Worley | Sasol
Home

Sasol signs Partnership Framework Agreements with Wood & Worley

Date: 
28 January 2020

Johannesburg, South Africa Sasol’s Group Technology announced that they have signed partnership framework agreements with the Engineering Contractors (ECs) Wood South Africa (Pty) Ltd and Worley Matasis (Pty) Ltd on 22 January 2020.

The objective of the partnerships is to enter into a long term, mutually beneficial relationship for the purpose of achieving specific business objectives by maximising the effectiveness of each parties’ resources in the field of capital project engineering and construction.

As part of Group Technology’s global future, the function has revised its contracting model to pursue portfolio-based partnership agreements with these preferred ECs, initially applying the agreement mainly to Sasol’s Southern African operations.  Group Technology supports the long-term sustainability of Sasol through the provision of expertise in the fields of research, technology, engineering and project management.

Wood and Worley will separately deploy their systems, processes, experience and knowledge in crafting and implementing solutions for complete execution of capital projects in a collaborative manner.  These first-of-a-kind partnership agreements with Sasol have a long term objective, and the partnership agreements will be reviewed after five years.

These partnerships will support Sasol’s value-based strategy as well as Group Technology’s global focus.

 

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”.