Petro SA Overview Petro SA was established in
Petro. SA Overview • Petro. SA was established in 2002 • Employs 1925 total staff members (July 2013) • Owns world’s 3 rd largest GTL refinery • 36 000 barrels per day products • 6% SA Refining capacity (SAPIA) • Business spans full petroleum value chain • Produces diesel, gasoline, kerosene and specialty products • Has produced ~70 MM bbl crude & 1 Tcf of natural gas to date. • Has additional exploration acreage in Ghana, Equatorial Guinea & Namibia • Has a trading office in Rotterdam • Net Asset Value ~ R 16. 57 billion * Following the merger of Soekor E & P and Mossgas Pty Ltd The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 1
Our Current Strategic focus is • Sustain the GTL refinery at Mosselbay, • Use the GTL refinery as a platform for growth, • Grow Petro. SA to a significant industry player in RSA and regionally, • Contribute meaningfully to security of energy supply, • Support economic growth, job creation and drive transformation. The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 2
New Technology: LTFT Demonstration operational trials completed The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 3
Our Technology Company The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 4
Mossel Bay GTL Process flowsheet ING Condensate FA platform Gas separation Gas Methane reforming C 3 Syngas Synthol LPG Unleaded petrol Leaded petrol Illuminating Kerosine Diesel Fuel oil C 4 Imported condensate C 3 LNG storage C 5+ oil c 4 = Oil refining and blending Heavy alcohol C 3 =, C 5 – C 7 = Gasoline Olefin Oligomerisation Distillate Reaction water Low-aromatic distillates Light alcohol C 8+ synthetic oil Alcohol recovery Acid water to effluent treatment The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 5
LTFT Process flowsheet ING Condensate FA platform Gas separation Gas Methane reforming C 3 Syngas Synthol LTFT LPG Unleaded petrol Naphtha Leaded petrol Illuminating Kerosine Diesel C 4 Imported condensate C 3 LNG storage C 5+ oil c. Wax 4= Oil Hydrocracker refining & and Hydrotreater blending Synthetic C 8+ synthetic oil C 3 =, C 5 – C 7 = Gasoline Olefin Oligomerisation Distillate Fuel oil Reaction water Low-aromatic distillates Light alcohol Heavy alcohol Alcohol recovery Acid water to effluent treatment The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 6
LTFT increases diesel production Low temperature Fischer-Tropsch High temperature Fischer-Tropsch LPG 1% LPG 5% Alcohols 9% Naphtha 25% Gasoline 48% Diesel 70% Diesel & Kerosene 39% Fuel oil 3% The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07 7
- Slides: 7