Investor Presentaiton
South Africa Overview
Attractive Location / Fiscal Terms
Active Players
Te
TotalEnergies
قطر للطاقة
QatarEnergy
Tosaco
BLOCK
2B
Shell
Sungu
Sunbird
A-J1 Oil Discovery
37 MMbbl Contingent
Ibhubesi Gas Fields
Feedstock to GTL and
Power Plant ~300 MMcf/d
PetroSA
Eskom
GTL Refinery
Gourikwa
45k bbl/d
Power Plant
BLOCK
11B/12B
Fiscal Terms
Azinam/
Africa Oil
0.5 Tcf
PetroSA
SOUTH
AFRICA
State Take < 30%
Total
Africa Oil Farmin
July 2019
Royalty: 0.5-5%
Income Tax: 28% (27% effective in 2022)
Impact/
Total
Total Farmin
November 2019
Power Plant
1,350 MW
South Atlantic Ocean
Tax benefit from cost uplift
After Tax Profit
Tax Deductible Costs:
Including cost uplift,
Cape Town
Total Farmin
October 2017
Refinery
100k bbl/d
Power Plant
170 MW
740 MW
0
250km
200% of exploration and appraisal,
150% of capex and 100% of opex
State and Black Economic Empowerment (BEE) Participation:
10% State back-in rights / 10% BEE participation rights (1)
Africa Energy block
Oil field
Total/PetroSA/
Shell
Gas field
Condensate field
Pipeline
Refinery
Power Plant
Shell Farmin
May 2019
EM, FA, Gas Fields
1.2 Tcf, producing
Total Acquires
Anadarko's African
Assets May 2019
Mossel Bay
Sungu
Total
AE
AFRICA
ENERGY
Tower/New Age
Impact/
Shell
Shell Farmin
Nov. 2020
Total
PetroSA
Oribi, Oryx, Sable
Oil Fields
~70 MMbbl shut-in
Brulpadda Luiperd
Discovery Discovery
Qatar Energy Farmin
February 2018
Blocks 2B and 11B/12B have existing discoveries and nearby infrastructure
(1) Draft Upstream Petroleum Resources Development Bill proposes an increase in State Participation from 10% to 20%.
Slide 8
Africa Energy | March 2022View entire presentation