Sasol Form 20-F for the year ended 30 June 2021 - Book - Page 116
SUPPLEMENTAL OIL AND GAS INFORMATION (unaudited)
In accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC)
Section 932, “Extractive Industries—Oil and Gas”, and regulations of the SEC, this section provides supplemental oil
and gas information separately about our natural oil and gas exploration and production operations, as managed by GSO,
which forms part of our Gas segment; and about our coal mining operations and the conversion of coal reserves to
synthetic oil, as managed by our Mining segment and Secunda operations.
NATURAL OIL AND GAS
The supplemental information provided below relates to our natural oil and gas operations, which are managed
by GSO.
Tables 1 through to 3 present historical information pertaining to costs incurred for property acquisitions,
exploration and development, capitalised costs, and results of operations. Table 4 presents estimates of proved developed
and proved undeveloped reserves (which are not supplemental). Tables 5 and 6 present information on the standardised
measure of estimated discounted future net cash flows related to proved reserves and changes therein.
TABLE 1—COSTS INCURRED FOR PROPERTY ACQUISITION, EXPLORATION, AND DEVELOPMENT
ACTIVITIES
The table below presents the costs incurred, during the last three years, in natural oil and gas property
acquisition, exploration and development activities, whether capitalised or charged to income directly.
Natural Oil and Gas (Rand in millions)
Mozambique
Year ended 30 June 2019
Acquisition of proved properties . . . . . . . . . . . . . . . . . . . . . . .
Acquisition of unproved properties . . . . . . . . . . . . . . . . . . . . .
Exploration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year ended 30 June 2020
Acquisition of proved properties . . . . . . . . . . . . . . . . . . . . . . .
Acquisition of unproved properties . . . . . . . . . . . . . . . . . . . . .
Exploration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Year ended 30 June 2021
Acquisition of proved properties . . . . . . . . . . . . . . . . . . . . . . .
Acquisition of unproved properties . . . . . . . . . . . . . . . . . . . . .
Exploration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gabon(1)
Canada(2)
—
—
298,0
576,9
874,9
—
—
104,5
278,7
383,2
—
—
—
141,5
141,5
—
—
402,5
997,1
1 399,6
—
—
289,6
782,8
1 072,4
—
—
124,6
440,3
564,9
—
—
—
132,4
132,4
—
—
414,2
1 355,5
1 769,7
—
—
113,4
1 956,7
2 070,1
—
—
45,6
198,0
243,6
—
—
—
458,5
458,5
—
—
159,0
2 613,2
2 772,2
(1)
Costs incurred up to 25 February 2021, which was the effective date of divestment of our interests in the EMP in Gabon.
(2)
Sasol signed an agreement to divest of all our interests in Canada. The transaction closed on 29 July 2021.
G-1
Total