South Africa: Shell takes stake in Impact’s Transkei & Algoa offshore blocks

Issue 445 - 10 Sep 2021 - By James Gavin | 3 minute read

UK-headquartered explorer Impact Oil & Gas announced the completion of a farm-out transaction with Royal Dutch Shell in late August, delivering the Anglo-Dutch supermajor a 50% stake in the Transkei & Algoa blocks offshore South Africa in a process first agreed in November 2020.

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