Petroleum Africa
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Thursday, December 22, 2016
The Petroleum Agency of South Africa (PASA) has awarded Impact Oil and Gas a Technical Co-Operation Permit (TCP) covering the Orange Basin Deep Block offshore the country. Impact holds the block with a 100% interest and is operator.
Orange Deep lies offshore on the west coast of South Africa and covers approximately 15,474 sq km. The block currently has a limited amount of data but lies along the outer edge of the Orange Basin and could contain deep water fans similar to those identified in Impact’s Namibian Block 2913B which lies to the north.
A TCP allows for desktop study and the acquisition of seismic data over the area. The company has commenced a technical evaluation of the area to assess the prospectivity of apron fans that could have up-dip pinch-out seals against the outer high of the continental crust in the north-east of the Orange Deep TCP area and against oceanic crust in the west and south-west of the area. A TCP gives the holder the exclusive right to apply for rights to explore the block.
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