document: On 8 February 2019, Impact Oil and Gas announced that it had farmed into Totalâs Block 2912 (PEL 91). The 7,900 sq km Orange Sub-basin block is located adjacent to the west of Totalâs Block 2913B (PEL56). Water depth range between 3,000 m and 4,000 m.  To date the area is virtually unexplored. Only a few 2D seismic lines cross the licence in an east west direction and the area is undrilled.   Total plans to drill a well within the adjacent Block 2913B targeting the Venus prospect in late 2019.   Total via is wholly owned subsidiary Total E&P Namibia B.V. operates the block with an 66.11% interest, Impact Oil and Gas via its wholly owned subsidiary Impact Oil and Gas Namibia (Pty) Ltd. holds an 18.89% stake and NAMCOR holds the remaining 15% interest.  Background information Â   On 16 May 2018, Total was awarded the exploration licence. At the time Total operated the block with an 85% interest and NAMCOR held the remaining 15% stake.
summary: Total has signed a farm-out agreement with Impact Oil and Gas over its ultra-deepwater Block 2912a. Under the deal, Impact will own 18.89%, with Total operating the project with a 66.11% interest. Namcor holds a 15% share of the block.  