Botswana: Sasol withdraws from CBM licences


Issue 279 - 17 Jun 2014 | 1 minute read

Sasol Petroleum International has opted to withdraw from its coalbed methane (CBM) prospecting licences. An update from chief financial officer Paul Victor covering the first nine months of the financial year said that Sasol had completed an early-stage CBM exploration programme in March 2013. “Following a comprehensive technical evaluation, we decided to withdraw from the CBM prospecting licences. We will, however, continue to monitor the Southern African CBM landscape, as well as that for both conventional and unconventional gas reserves.

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