Offshore staff
WOKING, UK – Impact Africa has approval from South Africa’s government to assume outright ownership of the Transkei & Algoa and Tugela South exploration rights offshore eastern South Africa.
This follows the decision by ExxonMobil and Equinor to relinquish their 40% and 35% respective interests.
Impact now operates both concessions with 100% interests in each case.
Exploration right 12/3/252, Transkei & Algoa spans an area of 45,838 sq km (17,698 sq mi) in water depths up to 3,000 m (9,842 ft). It was initially awarded to Impact as a technical cooperation permit in 2012, converted two years later to an exploration right.
Tugela South Exploration covers 9,054 sq km (3,496 sq mi) in waters up to 1,800 m (5,905 ft) deep.
10/29/2020
