At least 40 percent of the country's liquid fuels are supplied by oil-from-coal producer Sasol and PetroSA through its gas-to-liquids (GTL) plant in Mossel Bay, a coastal town 400 kilometers west of Cape Town.
The oil from Sable will be processed on a floating, production, storage and offloading vessel anchored offshore. Oil will be transferred to a shuttle tanker every three weeks, which will then sail to the ports at Saldanha Bay on the west coast, Durban or Cape Town for refining for sale to the South African market.
"A significant step has been taken by PetroSA towards realizing stability as far as crude oil supplies are concerned for all South Africans," said Mpumelelo Tshume, PetroSA Chief Executive in a statement.
PetroSA was formed in January 2002 through the merger of the government's commercial assets in the gas and petroleum industry. These include GTL producer Mossgas and Soekor, an oil and gas exploration and production company.
The Sable Field is operated by PetroSA with a 60% stake and its partner is Pioneer Natural Resources with the remaining 40% stake.
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