Media News

PetroSA RESPONDS TO MISINFORMATION IN ARTICLE IN THE DAILY INVESTOR REGARDING THE REAL REASON TOTALENERGIES WANTS TO DUMP SOUTH AFRICA

Cape Town- The Petroleum Oil and Gas Corporation of South Africa SOC Limited (PetroSA), a subsidiary of the Central Energy Fund (CEF), notes the recent article published in the Daily Investor on 04 July 2024 titled “Real Reason TotalEnergies wants to dump South Africa.”

The above-referenced published article is misleading and is not based on facts especially considering the development in the Upstream Oil & Gas sector of economy. The article forms part of a broader misinformation campaign to discredit PetroSA and Strategic Partner selected to advance the development of petroleum resources in South Africa.

PetroSA wishes to put it on record that the Brulpadda and Luiperd gas discoveries in Block 11B/12B approximately 175 km offshore Mossel Bay, is seen by PetroSA as a key enabler to reinstate its Mossel Bay Gas-to-Liquids (GTL) Refinery. The discovered gas can be processed on PetroSA’s offshore Gas Separation Facility.

The malicious insinuation in the article suggesting that the selection of Gazprombank Africa as a preferred partner, is the reason for TotalEnergies’ decisions to leave, is baseless, unfounded and misleading. The misinformation is disproved, if one reads the article published on 06 July 2024 titled: "Offshore gas finds: NERSA says TotalEnergies staying ‘for now’”. In that article an official from NERSA is quoted as indicating that TotalEnergies is staying.

That being said, PetroSA undertook a competitive, fair and transparent procurement process to select a preferred partner. The scope of work of Gazprombank Africa is to expand only the liquid section of the GTL Refinery and not the gas section. In other words, to associate Gazprombank Africa with the gas section is a deliberate misinformation of readers for ulterior motives and is untrue.

PetroSA remains committed to working hard in ensuring it plays its part to provide affordable, sustainable, and high quality hydrocarbon-based energy for long-term security of energy supply in South Africa.

Fire Incident at the PetroSA Gas to Liquids Refinery Landfill (Compacted Domestic Waste) site

Mossel Bay - The Petroleum Oil and Gas Corporation of South Africa (PetroSA), a subsidiary of Central Energy Fund (CEF), confirms that a fire broke out at the Gas to Liquids Refinery GTLR, Landfill (Compacted Domestic Waste) site.

The fire broke out at approximately 18h05 , 14 March 2024. The PetroSA Production and Fire Department Teams together with the Mossel Bay Fire Department and Garden Route District Fire Department were activated as per emergency procedures. The fire was contained and completely extinguished at 23h15 with no sustained injuries reported.

The cause of the fire has not been detected, nor the ignition source been determined. Investigations to identify the root cause are currently underway. Emergency measures remain in place at the GTLR, Landfill (Compacted Domestic Waste) site to ensure continued safety. PetroSA is committed to ensuring the security of energy supply and safety of the environment and the community at large. PetroSA will provide updates once as more information becomes available

PetroSA Gas to Power Initiative aimed at Powering the Nation

Cape Town- The Petroleum Oil and Gas Corporation of South Africa (PetroSA), a subsidiary of the Central Energy Fund (CEF), notes the recent article published in News24 on the 19 November 2023, titled “Shipping firm threatens to attach SAA assets over accusation PetroSA didn’t pay fee”.

PetroSA confirms settlement of the amounts owed to UOG Sparta as per the services rendered by the shipping company. We further reaffirm that no legal documentation has been served as alluded to in the article.

PetroSA values the relationship it establishes with its partners globally, therefore, has continued to engage with UOG Sparta through their contracted party in an effort to resolve the matter amicably.

PetroSA continues to be committed to delivering on its mandate of ensuring the security of energy supply and a sustainable turnaround of the business to ensure long term sustainability.