Impact Provides Marula-1X Operational Update, Offshore Namibia
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company announces the conclusion of the third drilling campaign, offshore Namibia, after completion of drilling operations on the Marula-1X exploration well in Block 2913B (PEL 56), offshore Namibia.

Impact has a 9.5% interest in Blocks 2912 and 2913B in Namibia’s Orange Basin. Africa Oil through its 39.5% interest in Impact, has an effective interest of approximately 3.8% in these blocks. Block 2913B contains the Venus light oil discovery.

Highlights:

• Safely drilled the Marula-1X well to a total depth of 6,460mMD on block 2913B, targeting  Albian aged sandstones, within the Marula fan complex, approximately 47 Km south of the Venus-1X well, using the Deepsea Mira semi-submersible drilling rig.
• No hydrocarbons were encountered in the Marula-1X well. No DST was performed.
• Following completion of drilling operations on the Marula-1X exploration well, the Deepsea Mira rig will be demobilised.
• A comprehensive analysis of the well results is now underway.

Siraj Ahmed, Chief Executive Officer of Impact commented:
“The initial data from the Marula-1X well confirms a disappointing outcome for the Marula prospect. However, the full suite of well data acquired will be integrated into the evaluation to realise the block’s full potential”

Africa Oil President and CEO, Roger Tucker commented: 
“The farm down agreement between Impact and TotalEnergies that completed last year, provides full carry of Impact’s exploration and development costs on Blocks 2912 and 2913B through to first commercial production from these blocks. This presents us with an attractive opportunity set to test different geological plays on these blocks at no upfront cost.”  

Block 2913B

Petroleum Exploration Licence 56, Block 2913B, is located offshore southern Namibia and covers approximately 8,215km² in water depths up to 3,000m. Impact entered the licence as Operator in 2014, acquiring 2D, then 3D seismic data which defined the Venus prospect. In 2017, Impact and NAMCOR were joined by TotalEnergies, bringing with it significant deep-water drilling expertise to the Joint Venture, and in 2019 QatarEnergy joined the Joint Venture.

Block 2912

Petroleum Exploration Licence 91, Block 2912, is located offshore southern Namibia, adjacent to, but outboard of, PEL 56 and covers approximately 7,884km² in water depths between 3,000 and 3,900m. Impact joined TotalEnergies and NAMCOR on the licence in 2019, as did QatarEnergy.