Sasol Limited, Company Intelligence Report


#43109

109pages

GlobalData

$ 1000

In Stock


Sasol Limited is an integrated energy and chemical company primarily involved in mining, energy, chemicals and synfuels. The company, through its proprietary Fischer-Tropsch technology, converts these reserves to produce liquid fuels, fuel components and chemicals. It operates in more than 30 countries across the globe through its subsidiary Sasol Synfuels International. The company mainly mines coal in South Africa and produces oil and gas in Mozambique, Gabon and South Africa respectively. The company is headquartered in South Africa, where it manages business operations that include trading, legal, finance and other business functions.

Scope

  • Key Highlights: This section provides detailed analysis on the companys overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
  • Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
  • SWOT: The reports SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market.
  • Key Events for 2011: This section provides the companys expected operational and financial activities in 2011. This section maps the companys focus for 2011 in nut shell.
  • Production and Development Overview: This section highlights the companys crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the companys producing and development assets.
  • Exploration: This section includes detailed explanation and analysis on the companys exploration assets resulted due to new discoveries, new drilling and other activities.
  • M&A trends: This section mainly provides information and analysis on the companys recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the companys status as a buyer or seller during the analyzed period.
  • Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method.
  • Peer Group Analysis: This section compares the companys performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters.
  • Financial and Operational Metrics: This section covers the companys historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.
Reasons to buy

The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
  • Provide detailed analysis to those who are interested in knowing the companies existing and future business strategies.
  • Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
  • Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
  • Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Table of Content:

1 Table of Contents

1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6

2 Sasol Limited, Company Overview 8

3 Sasol Limited, Key Events for 2011 11

4 Sasol Limited, Key Highlights 12
4.1 Gas Acquisitions to Increase Unconventional Sources; North American GTL Foundation 12
4.2 Upcoming Major Projects will Supplement Long Term Growth Potential 13
4.2.1 Nigeria 13
4.2.2 Uzbekistan 14
4.3 Stable Profitability Position; Providing Strength to Support its Future Prospects 15

5 Sasol Limited, SWOT Analysis 17
5.1 Strengths 17
5.1.1 Fischer-Tropsch Technology, To Support Its Cash flows 17
5.1.2 Relatively Long Reserve Life 18
5.2 Weaknesses 18
5.2.1 Relatively High Dependency on Shareholders Equity 18
5.2.2 Volatile Free Cash Flow 19
5.3 Opportunities 20
5.3.1 Shale Play to Deliver Enormous Prospects in Coming Years 20
5.3.2 Coals Versatility; Amplifying Coal Conversion Industry 20
5.4 Threats 21
5.4.1 South African Competition Commission May Effect Operations In Future 21

6 Sasol Limited, Goals and Strategies 22
6.1 Focus on increasing production through inorganic strategies 22

7 Sasol Limited, Production Overview 23
7.1 Production Profile 23
7.2 Assets Portfolio 26
7.2.1 Producing Assets 26
7.2.2 Upcoming Assets 28

8 Sasol Limited, Exploration and Development Overview 29
8.1 Exploration Activities 30
8.1.1 Nigeria 30
8.1.2 Papua New Guinea 30
8.1.3 Australia 30
8.1.4 Mozambique 30
8.2 Development Activities 31

9 Sasol Limited, Refining and Marketing 32

10 Sasol Limited, Chemicals 34
10.1 Sasol Polymers 35
10.2 Sasol Solvents 36
10.3 Sasol Olefins and Surfactants 37

11 Sasol Limited, Coal Mining 38

12 Sasol Limited, M&A Highlights 39
12.1 Shale Acquisitions From Talisman Energy 39
12.1.1 Deal Highlights 39

13 Sasol Limited, Forecast Production and Financial Statements 40
13.1 Income Statement (20082015) 42
13.2 Balance Sheet (20082015) 43
13.3 Cash Flow Statement (20082015) 44
13.4 Financial Ratios 45

14 Sasol Limited, Valuation 48
14.1 Net Asset Value 48

15 Sasol Limited, Peer Comparision 51
15.1 Share Price Performance 51
15.2 Operational and Financial Performance 52
15.3 Key Financial and Operational Ratio 55

16 Sasol Limited, Detailed Operational and Financial Metrics 57
16.1 Sasol Limited, Total Oil and Gas, Reserves and Production 57
16.1.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2006-2010 57
16.1.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2006-2010 58
16.1.3 Total Crude Oil and Natural Gas Reserve Changes, 2006-2010 60
16.2 Sasol Limted, Crude Oil/Liquids Production and Reserve 61
16.2.1 Crude Oil/Liquids Production and Reserve Trend, 2006-2010 61
16.2.2 Crude Oil Production and Reserves By Country/Region, 2006-2010 62
16.2.3 Crude Oil/Liquids Reserve Changes, 2006-2010 64
16.3 Sasol Limited, Natural Gas Production and Reserve 65
16.3.1 Natural Gas Production and Reserve Trend, 2006-2010 65
16.3.2 Natural Gas Production and Reserves, By Country/Region, 2006-2010 66
16.3.3 Natural Gas Reserve Changes, 2006-2010 68
16.4 Sasol Limited, Total Crude Oil and Natural Gas Reserves Life Index 69
16.4.1 Total Crude Oil and Natural Gas Reserves Life Index, 2006-2010 69
16.4.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2006-2010 70
16.5 Sasol Limited, E&P Costs Trends 72
16.5.1 Upstream Capital Expenditure, 2006-2010 72
16.5.2 Acquisition Costs By Country/Region, 2006-2010 73
16.5.3 Exploration and Development Costs, By Country/Region, 2006-2010 74
16.6 Sasol Limited, Oil and Gas Cost Per boe, $/boe 76
16.6.1 Oil and Gas Cost Per boe, $/boe, 2006-2010 76
16.6.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2006-2010 77
16.7 Sasol Limited, Reserve Replacement Ratio 79
16.7.1 Oil and Gas Production Replacement Ratio, 2006-2010 79
16.7.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2006-2010 81
16.8 Sasol Limited, Results of Oil & Gas Operations Trend 85
16.8.1 Oil and Gas Revenue and Expenses, 2006-2010 85
16.8.2 Oil and Gas Revenue and Expenses, By Country/Region, 2006-2010 86
16.9 Sasol Limited, Oil and Gas Revenue and Expenses, Per boe 91
16.9.1 Oil and Gas Revenue and Expenses, By boe, 2006-2010 91
16.9.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2006-2010 92
16.10 Sasol Limited, Oil and Gas Performance Metrics 97
16.11 Sasol Limited, Land Holdings and Well Data 98
16.11.1 Gross and Net Developed and Undeveloped Acreage, 2006-2010 98
16.11.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2006-2010 99
16.12 Well Statistics 102
16.12.1 Producible Oil and Gas Well, 2006-2010 102
16.12.2 Producible Oil and Gas Well, By Country/Region, 2006-2010 103
16.12.3 Exploration and Development Wells Drilled, 2006-2010 105
16.12.4 Exploration and Development Wells Drilled, By Country/Region, 2006-2010 106

17 Appendix 107
17.1 Abbreviations 107
17.2 Methodology 107
17.2.1 Coverage 107
17.2.2 Secondary Research 108
17.2.3 Primary Research 108
17.2.4 Expert Panel Validation 108
17.3 Methodology for Company Valuation 108
17.4 Contact Us 109
17.5 Disclaimer 109
Table 1: Sasol Limited, Key Events, 20102011 10
Table 2: Sasol Limited, Key Unconventional Deals, 2009-2010 12
Table 3: Sasol Limited, Recent Transactions for Sasols Fischer-Tropsch Technology 17
Table 4: Sasol Limited, Upstream Growth Profile, MMboe, 20102015 24
Table 5: Sasol Limited, Recent Transactions as a Buyer, 2010 39
Table 6: Sasol Limited, Forecast Production, 20082015 40
Table 7: GlobalData, Price Forecasts, 20112015 40
Table 8: Sasol Limited, Income Statement ($m), 20082015 42
Table 9: Sasol Limited, Balance Sheet ($m), 20082015 43
Table 10: Sasol Limited, Cash Flow Statement ($m), 20082015 44
Table 11: Sasol Limited, Profitability Ratios, 20082015 45
Table 12: Sasol Limited, Other Financial Ratios, 20082015 46
Table 13: Sasol Limited, Capital Market Ratios, 20092011 47
Table 14: GlobalData, Price Forecasts, 20112015 48
Table 15: Sasol Limited, Net Asset Value, 2011 49
Table 16: Sasol Limited, NPV of Oil/NGL Reserves, $/bbl, 2011 49
Table 17: Sasol Limited, NPV of Natural Gas Reserves, $/Mcf, 2011 50
Table 18: Sasol Limited, NPV OF Total Oil and Natural Gas Reserves , $/boe, 2011 50
Table 19: Sasol Limited, Sensitivity Analysis on Fair Value ($ per share), 2011 50
Table 20: Sasol Limited Vs Peer Group, Operational and Financial Performance, 2010 52
Table 21: Sasol Limited and its Peer Group Comparison, Financial Ratios, 2010 55
Table 22: Sasol Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 57
Table 23: Sasol Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2006-2010 59
Table 24: Sasol Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2006-2010 60
Table 25: Sasol Limited, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 61
Table 26: Sasol Limited, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2006-2010 63
Table 27: Sasol Limited, Crude Oil Reserve Changes, MMbbl, 2006-2010 64
Table 28: Sasol Limited, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 65
Table 29: Sasol Limited, Natural Gas Production and Reserves, By Country/Region, Bcf, 2006-2010 67
Table 30: Sasol Limited, Natural Gas Reserve Changes, Bcf, 2006-2010 68
Table 31: Sasol Limited, Oil and Gas Reserves Life Index, Years, 2006-2010 69
Table 32: Sasol Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2006-2010 71
Table 33: Sasol Limited, Upstream Capital Expenditure, $m, 2006-2010 72
Table 34: Sasol Limited, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 73
Table 35: Sasol Limited, Exploration and Development Costs, By Country/Region, $m, 2006-2010 75
Table 36: Sasol Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 76
Table 37: Sasol Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2006-2010 78
Table 38: Sasol Limited, Oil and Gas Production Replacement Ratio, %, 2006-2010 80
Table 39: Sasol Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2006-2010 84
Table 40: Sasol Limited, Revenue and Expenses, $m, 2006-2010 85
Table 41: Sasol Limited, Revenue and Expenses, By Country/Region, $m, 2006-2010 90
Table 42: Sasol Limited, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 91
Table 43: Sasol Limited, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2006-2010 96
Table 44: Sasol Limited, Oil and Gas Performance Metrics, 2006-2010 97
Table 45: Sasol Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 98
Table 46: Sasol Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2006-2010 101
Table 47: Sasol Limited, Producible Oil and Gas Wells, 2006-2010 102
Table 48: Sasol Limited, Producible Oil and Gas Wells, By Country/Region, 2006-2010 104
Table 49: Sasol Limited, Exploratory and Developed Wells, 2006-2010 105
Table 50: Sasol Limited, Exploratory and Developed Wells, By Country/Region, 2006-2010 106
Figure 1: Sasol Limited, Operational Map, 2011 8
Figure 2: Sasol Limited, Financial and Operational Overview, 20072010 9
Figure 3: Sasol Limited, Share Price Movement, Mar 2010Mar 2011 10
Figure 4: Sasol Limited, Nigerias Upcoming Projects Contribution to the Total Production, MMboe, 20122015 13
Figure 5: Sasol Limited, Uzbekistans Upcoming Projects Contribution to the Total Production, MMboe, 2015 14
Figure 6: Sasol Limited, Profitability Ratios Comparison With Its Peer Group, 2010 16
Figure 7: Sasol Limited, Peer Comparison For Reserve Life Index, 20072010 18
Figure 8: Sasol Limited, Peer Comparison For Debt to Equity Ratio, 20072010 19
Figure 9: Sasol Limited, Free Cash Flow with YoY%, 20082010 20
Figure 10: Sasol Limited, Total Production By Type, MMboe, 20082015 24
Figure 11: Sasol Limited, Contribution of Upcoming Assets to Total Production, MMboe, 20082015 25
Figure 12: Sasol Limited, Contribution of Mozambiques Assets to Total Production, MMboe, 20082015 26
Figure 13: Sasol Limited, Contribution of the Gabons Assets to Total Production, MMboe, 20082015 27
Figure 14: Sasol Limited, Contribution of the Upcoming Assets to Total Production, MMboe, 20082015 28
Figure 15: Sasol Limited, Comparison of Exploration Cost and Reserve Addition, 20052010 29
Figure 16: Sasol Limited, Key Downstream Performance Parameters, 20072010 32
Figure 17: Sasol Limited, Chemical Clusters Revenue Contribution to Total Revenue, 20072010 34
Figure 18: Sasol Limited, Sasol Polymers Revenue Contribution to Chemical Cluster, 20072010 35
Figure 19: Sasol Limited, Sasol Solvents Revenue Contribution to Chemical Cluster, 20072010 36
Figure 20: Sasol Limited, Olefins and Surfactants Revenue Contribution to Chemical Cluster, 20072010 37
Figure 21: Sasol Limited, Sasol Minings Production Contribution to Total Revenue, 20072010 38
Figure 22: Sasol Limited & Peer Group, Relative Share Price Performance Index , June 2010 May 2011 51
Figure 23: Sasol Limited and its Peers, Per Boe Parameters, 2010 53
Figure 24: Sasol Limited and its Peers, Total Reserves & Production, MMboe, 2010 54
Figure 25: Sasol Limited and its Peers, Valuation Ratios, 2010 56
Figure 26: Sasol Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 57
Figure 27: Sasol Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2006-2010 58
Figure 28: Sasol Limited, Total Oil & Gas Production, By Country/Region, MMboe, 2006-2010 58
Figure 29: Sasol Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2010 60
Figure 30: Sasol Limited, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 61
Figure 31: Sasol Limited, Oil Reserves, End of Period, By Country/Region, MMbbl, 2006-2010 62
Figure 32: Sasol Limited, Oil Production, By Country/Region, MMbbl, 2006-2010 62
Figure 33: Sasol Limited, Crude Oil Reserve Changes, MMbbl, 2010 64
Figure 34: Sasol Limited, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 65
Figure 35: Sasol Limited, Gas Reserves, End of Period, By Country/Region, Bcf, 2006-2010 66
Figure 36: Sasol Limited, Gas Production, By Country/Region, Bcf, 2006-2010 66
Figure 37: Sasol Limited, Natural Gas Reserve Changes, Bcf, 2010 68
Figure 38: Sasol Limited, Oil and Gas Reserves Life Index, Years, 2006-2010 69
Figure 39: Sasol Limited, Gas Reserve Life Index, By Country/Region, Years, 2006-2010 70
Figure 40: Sasol Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2006-2010 70
Figure 41: Sasol Limited, Oil Reserve Life Index, By Country/Region, Years, 2006-2010 71
Figure 42: Sasol Limited, Upstream Capital Expenditure, $m, 2006-2010 72
Figure 43: Sasol Limited, Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 73
Figure 44: Sasol Limited, Development Costs, By Country/Region, $m, 2006-2010 74
Figure 45: Sasol Limited, Exploration Costs, By Country/Region, $m, 2006-2010 74
Figure 46: Sasol Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 76
Figure 47: Sasol Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 77
Figure 48: Sasol Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 77
Figure 49: Sasol Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 78
Figure 50: Sasol Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2006-2010 79
Figure 51: Sasol Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2006-2010 81
Figure 52: Sasol Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2006-2010 81
Figure 53: Sasol Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2006-2010 82
Figure 54: Sasol Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2006-2010 82
Figure 55: Sasol Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2006-2010 83
Figure 56: Sasol Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2006-2010 83
Figure 57: Sasol Limited, Revenue and Expenses, $m, 2006-2010 85
Figure 58: Sasol Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 86
Figure 59: Sasol Limited, Exploration Expenses, By Country/Region, $m, 2006-2010 86
Figure 60: Sasol Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 87
Figure 61: Sasol Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 87
Figure 62: Sasol Limited, Oil & Gas Revenue, By Country/Region, $m, 2006-2010 88
Figure 63: Sasol Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 88
Figure 64: Sasol Limited, Production Costs, By Country/Region, $m, 2006-2010 89
Figure 65: Sasol Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 89
Figure 66: Sasol Limited, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 91
Figure 67: Sasol Limited, Exploration Expenses per boe, By Country/Region, $/boe, 2006-2010 92
Figure 68: Sasol Limited, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2006-2010 92
Figure 69: Sasol Limited, Lifting Cost per boe, By Country/Region, $/boe, 2006-2010 93
Figure 70: Sasol Limited, Annual Net Income per boe, By Country/Region, $/boe, 2006-2010 93
Figure 71: Sasol Limited, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2006-2010 94
Figure 72: Sasol Limited, Total DD&A per boe, By Country/Region, $/boe, 2006-2010 94
Figure 73: Sasol Limited, Total Revenue per boe, By Country/Region, $/boe, 2006-2010 95
Figure 74: Sasol Limited, Oil and Gas Performance Metrics, 2006-2010 97
Figure 75: Sasol Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 98
Figure 76: Sasol Limited, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2006-2010 99
Figure 77: Sasol Limited, Total Net Undeveloped Acreage, By Country/Region, Acres, 2006-2010 99
Figure 78: Sasol Limited, Total Gross Developed Acreage, By Country/Region, Acres, 2006-2010 100
Figure 79: Sasol Limited, Total Net Developed Acreage, By Country/Region, Acres, 2006-2010 100
Figure 80: Sasol Limited, Producible Oil and Gas Wells, 2006-2010 102
Figure 81: Sasol Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 103
Figure 82: Sasol Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2006-2010 103
Figure 83: Sasol Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 104
Figure 84: Sasol Limited, Exploratory and Developed Wells, 2006-2010 105