As of early June 2020, Exxon Mobil (Exxon) is understood to have relinquished all its interests in South African exploration licences. The company operated three licences within the Natal Trough - 154ER (Tugela South), 273ER (Deepwater Durban) and 252ER (Transkei-Algoa). Exxon seeded its interest to Impact Oil & Gas (Impact) in two (154ER and 252ER) and relinquished the other (273ER).   154ER (Tugela South): was operated by Exxon with a 40% interest. Partners were Impact via a local subsidiary Impact Africa Limited with (25%) and Equinor with (35%)    Interests following Exxon's exit are Impact via a local subsidiary Impact Africa Limited â operator - with (65%) and Equinor with (35%).   273ER (Deepwater Durban): was operated by Exxon with a 50% interest, partner Equinor held a 50% stake    The licence is now relinquished   252ER (Transkei-Algoa): was operated by Exxon with a 40% interest, Equinor held a 35% stake and Impact via a local subsidiary Impact Africa Limited held a 25% interest.    Interests following Exxon's exit are Impact via a local subsidiary Impact Africa Limited â operator - with (65%) and Equinor with (35%).
Exxon Mobil (Exxon) is understood to have relinquished all its interests in South African exploration licences. The company operated three licences within the Natal Trough - 154ER (Tugela South), 273ER (Deepwater Durban) and 252ER (Transkei-Algoa). Exxon seeded its interest to Impact Oil & Gas (Impact) in two (154ER and 252ER) and relinquished the other (273ER). 154ER (Tugela South): was operated by Exxon with a 40% interest