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ExxonMobil to explore offshore South Africa; deal for 75% interest in Tugela South

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The ExxonMobil affiliate signed an agreement with Impact Africa Limited (Impact), a subsidiary of Impact Oil & Gas Limited, to acquire a 75% participating interest in the Tugela South Exploration Right and will become operator. The Impact Oil and ExxonMobil areas offshore South Africa. Source: Petroleum Agency SA. Click to enlarge.