Oil, gas and chemicals major Sasol has begun drilling a third well in its production-sharing agreement area in Mozambique and is making good progress on detailed design work for surface-processing facilities, says John Sichinga, senior vice-president of Sasol Exploration and Production International. Analysts Wood Mackenzie said on Thursday capital investment over the next five years in oil and gas in sub-Saharan Africa had been cut by $100bn. But Sichinga said Sasol was continuing to spend in Mozambique because it was central to the group’s geographic strategy. In a speech at Africa Oil Week on Thursday, Sichinga said although Africa had been buffeted by global economic headwinds, its attractions were too great to resist. These included its resource endowment, young and growing population and emergence as an energy consumer rather than a net energy exporter.
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