The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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PetroSA Overview

* Following the merger of Soekor E & P and Mossgas Pty Ltd

• PetroSA was established in 2002

• Employs 1925 total staff members (July 2013)

• Owns world’s 3rd 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 ~ R16.57 billion

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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• Sustain the GTL refinery at Mosselbay,

• Use the GTL refinery as a platform for growth,

• Grow PetroSA to a significant industry player in RSA and regionally,

• Contribute meaningfully to security of energy supply,

• Support economic growth, job creation and drive transformation.

Our Current Strategic focus is

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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New Technology: LTFT Demonstration

operational trials completed

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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Our Technology Company

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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Mossel Bay GTL Process flowsheet

SyntholSyngasMethane

reforming

ING

C3

Gasseparation

C5+

oil

Oilrefining

andblending

C3

C8+ synthetic oil

Distillate

OlefinOligomerisation

c4 =

C3 =, C5 – C7 =

Gasoline

Alcoholrecovery

Reaction water

Acid water to effluent treatment

LPG

Unleaded petrol

Leaded petrol

Illuminating Kerosine

Diesel

Fuel oil

Light alcohol

Heavy alcohol

C4

Condensate

GasFAplatform

LNG storage

Imported condensate

Low-aromatic distillates

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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SyntholSyngasMethane

reforming

ING

C3

Gasseparation

C5+

oil

Oilrefining

andblending

C3

C8+ synthetic oil

Distillate

OlefinOligomerisation

c4 =

C3 =, C5 – C7 =

Gasoline

Alcoholrecovery

Reaction water

Acid water to effluent treatment

LPG

Unleaded petrol

Leaded petrol

Illuminating Kerosine

Diesel

Fuel oil

Light alcohol

Heavy alcohol

C4

Condensate

GasFAplatform

LNG storage

Imported condensate

Low-aromatic distillates

LTFT Process flowsheet

LTFTSyngasMethane

reforming

Hydrocracker & Hydrotreater

Synthetic oil

Wax

Reaction water

Acid water to effluent treatment

LPG

Naphtha

Diesel

Gas

The Petroleum Oil and Gas Corporation of South Africa (SOC) Ltd Reg. No. 1970/008130/07

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LTFT increases diesel production

Naphtha25%

Diesel70%

Fuel oil 3%

LPG 1%

Gasoline48%

Diesel & Kerosene39%

Alcohols 9%

Low temperatureFischer-Tropsch

High temperatureFischer-Tropsch

LPG 5%