AGC Profond Gabon Namibia South Africa
 
Transkei & Algoa Tugela Orange Basin Deep


Operations: Transkei & Algoa (South Africa)

The Licence was initially awarded to Impact as a Technical Cooperation Permit in 2012, following an application for an Exploration Right, which was granted in 2014.

Under the terms of the farm-out agreement between ExxonMobil Exploration and Production South Africa Limited (ExxonMobil) and Impact in 2012, ExxonMobil subsequently applied for a 75% working interest and operatorship of the licence and have collectively gathered extensive new data, significantly progressing the technical understanding of the exploration potential of the ER.

Statoil completed a transaction with ExxonMobil in 2017, taking a 35% interest in the ER. ExxonMobil retains operatorship and currently holds 40% interest in the licence, while Impact holds 25%.

Exploration Right 12/3/252 Transkei-Algoa is located offshore eastern South Africa and covers approximately 45,838kmĀ² in water depths up to 3,000 metres.

Allocation of Interest
Exxon Mobile E&P SA (Operator) 40%
Statoil 35%
Impact 25% (Operator)
AGC Profond
Gabon
Namibia
Orange Basin Deep
Tugela
 

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