Statoil farms into Tugela South

Issue 311 - 05 Nov 2015 | 3 minute read

Statoil has farmed into the ExxonMobil-operated Tugela South exploration right, taking 35%. Partner Impact Oil & Gas said the licence would enter into its second period later this year, during which the government-agreed work programme comprises the acquisition of 1,000km2 of 3D seismic and other geology and geophysics studies. The information obtained from the initial studies and seismic survey will form the decision basis for the co-venturers’ next steps in the Exploration Right, Statoil said. Impact acquired Tugela South in 2011 and shot two 2D seismic campaigns in 2011 and 2012, identifying a number of prospective leads and prospects in the acreage.

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