OIL & GAS – 2
Norwegian multinational oil and gas company Statoil has acquired an interest into two South African oil and gas exploration licences. It has bought a 35% interest in exploration right 12/3/252 Transkei-Algoa from ExxonMobil Exploration and Production South Africa. The licence covers about 45 000 m2 in water depths of up to 3 000 m. ExxonMobil retains a 40% interest in the licence, while Impact Africa holds the remaining 25% interest. Further, Statoil has also bought a 90% interest in exploration right 12/3/257 East Algoa from OK Energy, which retains a 10% interest. The licence covers about 9 300 m2.
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