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

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.

“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,” Siraj Ahmed, Chief Executive Officer of Impact commented.

 “The farm down agreement between Impact and TotalEnergies that was 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 to test different geological plays on these blocks at no upfront cost,” Africa Oil President and CEO, Roger Tucker commented.