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  • Sasol welcomes Progress Energy Canada as new partner in Montney Basin shale gas assets
    édité le 17/12/2013 - Plus de news de "Sasol" - Voir la fiche entreprise de "Sasol"


Sasol welcomes Progress Energy Canada as new partner in Montney Basin shale gas assets
On 8 November 2013, Sasol’s partner, Talisman Energy Inc (Talisman), announced that it had reached an agreement to sell part of its Montney acreage in northeast British Columbia to Progress Energy Canada Ltd (Progress Energy) for a total cash consideration of CDN$1,5 billion.

In terms of Sasol’s existing agreement with Talisman, Sasol has a right to match the Progress Energy bid, also known as a right of first refusal, within 30 days of the notice from Talisman, which was received effective 18 November 2013.

Sasol has evaluated this opportunity taking into consideration, among others, its other available investment opportunities and has taken the decision not to exercise its right of first refusal.

The valuable Farrell Creek and Cypress A assets that Sasol holds in equal shares with Talisman, forms part of the transaction between Talisman and Progress Energy.

Sasol welcomes Progress Energy as its new partner and looks forward to forging a solid working relationship in the development of the Montney Basin shale gas assets. Progress Energy is a wholly owned subsidiary of Malaysian national oil and gas company, Petroliam Nasional Berhad (PETRONAS), with which Sasol has a longstanding relationship.

About Sasol

Committed to excellence in all we do, Sasol is an international integrated energy and chemicals company that leverages the talent and expertise of our more than 34 000 people working in 38 countries. We develop and commercialize technologies, and build and operate world-scale facilities, to produce a range of product streams, including liquid fuels, chemicals and electricity.

While continuing to support our home-base in South Africa, Sasol is expanding internationally based on a unique value proposition, which links our diverse businesses into an integrated value chain supported by top-class functions.

About Talisman

Talisman is committed to conducting its business safely and in an ethically, socially and environmentally responsible manner. The company is a participant in the United Nations Global Compact and is also included in the Dow Jones Sustainability North America Index. Talisman was the first Canadian company to join the Voluntary Principles on Security and Human Rights Plenary Group developed by the United States (US) and United Kingdom (UK) governments.

Talisman was established in 1992 and is headquartered in Calgary, Canada. Talisman is listed on the Toronto and New York stock exchanges under the symbol TLM. The company is also part of the S&P/TSX 60 Index.


Origine : Communiqué Sasol

Voir la fiche entreprise de "Sasol"



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