Exxon will look for oil in South Africa
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Exxon will look for oil in South Africa

Cape Town : South Africa | Dec 18, 2012 at 12:34 AM PST
Source: The Olympia
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Exxon will control operations in the area it's acquiring in the Tugela South Exploration Right from closely held Impact, according to a statement from the Irving, Texas-based company Monday. Terms weren't disclosed for the acquisition, which includes the right to buy a 75 percent stake in three other... FULL ARTICLE AT The Olympia
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South Africa last week lifted a freeze on shale gas exploration after a study valued deposits at 1 trn rands ($122 bn)
South Africa last week lifted a freeze on shale gas exploration after a study valued deposits at 1 trn rands ($122 bn)
 
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  • Exxon to explore deep South African waters

      United Press International
    U.S. supermajor Exxon Mobil said it signed agreements to start exploration work in the deep waters off South Africa. Exxon becomes the operator in the Tugula South exploration region off eastern South Africa in an agreement with Impact Africa Ltd.

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