The South African petrochemical giant Sasol has announced the discovery of oil off the coast of southern Mozambique.
The wells will be the first in Mozambique to produce oil in two or three years’ time, Stephen Cornell, one’s of Sasol’s joint chief executives, said.
Mr Cornell his company has drilled four of 12 planned wells, all of them with positive results, two of them for gas, and the other two for oil.
He said Sasol had discovered oil in Mozambique before but only as part of an appraisal of the field and that helped them know where to drill.
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