Impact Oil & Gas has completed a reorganisation separating its offshore Namibian assets, including the Venus oil discovery, from its South African exploration portfolio.
Following regulatory and joint venture approvals, Impact sold Impact Africa (IAL), which holds its South African licences, and certain related assets to Impact Energies.
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Formerly IOG Energies, the buyer is a subsidiary of Impact’s majority shareholder, Deepkloof. Impact Energies will operate as a standalone business focused on the South African exploration portfolio.
Impact announced the proposed transaction in May 2026, saying Deepkloof and its second-largest shareholder, Meren Energy, supported it.
IAL holds a 45% participating interest in the Transkei and Algoa blocks, a 100% interest in the Area 2 block and a 22% interest in the Orange Basin Deep block.
At the time, Impact said the legal transfer of 10% of the Area 2 licence remained subject to executing a deed of assignment with Silver Wave Energy, IAL’s joint venture partner.
The reorganisation does not change Impact’s ownership or its Namibian asset base. Through its Namibian subsidiary, Impact retains 9.5% participating interests in offshore Blocks 2912 and 2913B, the latter containing Venus.
TotalEnergies operates both blocks. Impact also continues to own around 20% of Africa Energy, which has an interest in gas condensate discoveries offshore South Africa.
The Venus joint venture is working towards a final investment decision on the field’s development.
Since Impact announced the Venus-1X discovery in 2022, three further wells have penetrated the field and four drill stem tests have been carried out. Impact expects Venus to be the first development area in Block 2913B.
Impact CEO Siraj Ahmed said: “With the Venus joint venture progressing towards a final investment decision, we are well positioned to support the development of this world-class discovery and the ongoing exploration across Blocks 2913B and 2912.”
Impact intends to change its corporate name to distinguish itself from Impact Energies. It said the change would not affect its business, assets or shareholdings.
