SA - Farmout13 Oct 2024 13:47
Impact oil & Gas
“Our view is that the deep water areas off the continental shelf, harbour basin floor and slope fans that offer the potential for very large scale, high quality reservoirs.”
“Amongst its exploration portfolio, Impact has interests in the Venus oil discovery offshore Namibia and an indirect interest in the Brulpadda and Luiperd gas condensate discoveries offshore South Africa. Across its portfolio, Impact is partnered with Shell, TotalEnergies and QatarEnergy.“
“the Venus discovery was made from Impact’s home-gown portfolio. This deep-water Cretaceous play extends from southernmost Namibia, around South Africa as far as the Durban Basin and is the focus of Impact’s exploration strategy. Impact holds a material acreage position across the entire play fairway.”
https://impactoilandgas.com/impact-to-acquire-remaining-equity-in-area-2-offshore-south/
Namibia Venus discovery
Impact entered the licence as Operator in 2014, acquiring 2D, then 3D seismic data which defined the Venus prospect. In 2017 Impact was subsequently joined by TotalEnergies, who bring significant deep-water drilling expertise to the Joint Venture, and in 2019 by QatarEnergy.
High fidelity 2D and 3D seismic revealed an extensive basin floor fan deposit of Albian age, directly overlying the ‘Kudu’ shale source rock. The fan is known as the ‘Venus’ Fan, that had subsequently been placed into a favourable, counter-regional trapping configuration. The trap was formed due to the differential loading of overlying mass-transport deposits and this process pre-dates the onset of source rock oil maturation.
https://impactoilandgas.com/assets/namibia-2912-2913b/
Buying up the average around us in SA
https://impactoilandgas.com/impact-to-acquire-remaining-equity-in-area-2-offshore-south/
Area 2 lies within the emerging South Africa and Namibia (SANAM) super-basin, which stretches from northernmost Namibia to the Durban Basin of eastern South Africa. The Block shares the same prolific petroleum play as is currently being successfully explored in the Orange Basin of Namibia, and further proven by the Brulpadda and Luiperd discoveries in South Africa’s Outeniqua Basin. Impact believes that all of these areas share common world-class Cretaceous source rocks and similar giant stratigraphic traps. Furthermore, we believe Area 2 will contain higher quality Cretaceous reservoir sands than those currently explored in the SANAM super-basin.
Siraj Ahmed, CEO of Impact Oil & Gas, commented: “We are pleased to have concluded this agreement with Silver Wave Energy and thank the Silver Wave team for their collaboration over the past four years. As the holder of 100% of this high-calibre exploration block, we are particularly excited with the opportunity for this area to contain a very similar play to that which has brought Impact so much success in the Namibian Orange Basin.”
Towers licence area hosts Deepwater slope and
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