InfoisInfo South Africa

Sacoil Holdings
Oil in Sandton

sacoil.co.za
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Remember you found this company at Infoisinfo +27 11 783 790?

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PostNet Suite 211 Private Bag X 75. Bryanston. Sandton. Gauteng. 2021
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What you should know about Sacoil Holdings

Gas in Sandton, Petroleum in Sandton

SacOil is a JSE listed company whose mandate is to build an independent African upstream oil and gas business with a balanced portfolio of assets in Africa. The Company continues to evaluate industry opportunities throughout Africa as it seeks to establish itself as a leading, full-cycle pan-African oil and gas company. Our focus as a Group is on delivering energy for the African continent by using Africa’s own resources to meet the significant growth in demand expected over the next decade. Our overarching focus is on ensuring that we operate in a safe and sustainable manner for the benefit of our stakeholders. Our vision is to become a leading sustainable, profitable and independent pan-African oil and gas company operating across the full industry value chain. Encha Group is an investment holding company with exploration, industrial and property interests. Since 2014, the Group's focus has been on assembling a diverse portfolio of cash generative assets and projects throughout the African continent, spanning upstream to downstream. This included the 2014 acquisition of the Lagia Oil Field in Egypt, a crude trading allocation in Nigeria established in 2016, and the acquisition in May 2017 of a controlling interest in Afric Oil, a leading fuel product distribution business in Southern Africa. The Group historically focused on exploration and appraisal opportunities only. The Group is committed to playing a leading role in securing Africa’s energy needs to meet the growing demand expected on the continent over the next decades. The Group has therefore expanded its focus to include development and production activities, energy infrastructure and selected downstream opportunities that will meet the demand for products to support the proliferating needs of the continent. The oil and gas sector is expected to play a significant role in meeting the energy needs of Africa. The international best practice of a staged development process applicable to oil and gas exploration and development is endorsed and applied by the Group. At the end of each stage in the process, the Board is required to assess the viability of the asset and whether there is significant economic benefit to the Group to justify continuing to the next stage of the project. In the event that the size and quality of the hydrocarbons at any stage are not adequate to be commercially viable, then the installed facilities will be decommissioned and the wells abandoned. identifying targets for exploration and then drilling one or more exploration wells to determine the presence of hydrocarbons. During this stage, the production and facility plans will be prepared before starting the development stage of the field development\. a plan of how to best get oil and gas out of the reservoir is defined; and. During this process a company will assess the impact of the development plans on the environment and communities to ensure a sustainable development plan. The operator of the field will assess various production technologies and processes to recover the oil and gas that could optimise the recovery rates from the field and thereby increase production. Upstream project development is a costly process required to produce hydrocarbons to meet the world’s energy demands. The cash flows during the exploration phase are significant and increase exponentially when the appraisal and development phases are undertaken on a project. In order to go into production there needs to be commercially viable quantities and production volumes of hydrocarbons from the field to generate a sufficient return from a project. This will enhance the Group’s ability to generate revenue that could be used to develop existing and new exploration and appraisal assets.
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