Impact Oil & Gas Ltd

What Impact Oil & Gas Ltd does

Impact Oil & Gas Ltd is a privately owned, UK-incorporated oil and gas exploration company that operates as a pure-play explorer focused on large-scale, mid to deep water (1,000m-3,500m) plays offshore Southern and West Africa. The company applies 2D and 3D seismic acquisition and processing to identify prospective blocks in frontier basins, growing assets organically from greenfield acreage and attracting oil majors as partners through farm-out transactions while retaining carried interests. Its flagship asset is a 9.5% carried interest in the giant Venus light oil discovery in Block 2913B, Namibia's Orange Basin, operated by TotalEnergies with QatarEnergy and NAMCOR as partners, with a target recovery of approximately 750 million barrels and first oil planned for 2030.

The company's revenue mechanics are pre-operational: Impact funds exploration through periodic capital raises from existing shareholders (approximately USD 195 million across 2022-2023) and realises value through farm-out transactions, the most recent being the November 2024 sale of interests in Blocks 2912 and 2913B to TotalEnergies for USD 99 million in cash plus a full carry on all development, appraisal and exploration costs through to first oil. The company declared its first dividend of USD 80 million in January 2025. The wider portfolio includes South African interests in Transkei & Algoa (45%, Shell operator), Orange Basin Deep (22.22%), and Area 2 (100% operatorship), which are being transferred to IOG Energies under parent Deepkloof as part of a May 2026 strategic reorganisation that leaves Impact focused on the Namibian Venus asset.

Impact is majority-owned by Hosken Consolidated Investments through its Deepkloof investment vehicle, with Meren Energy Inc. as the second largest shareholder. The leadership team was refreshed in 2025 ahead of the targeted 2026 Venus FID, with Siraj Ahmed as CEO, Samitan Sharma appointed CFO in July 2025 (succeeding Robert Wilde), and Bjørn Thore Ribesen joining as COO in August 2025. The company is registered in England with its headquarters in London and a general office presence referenced in Cape Town.

Name

Impact Oil & Gas Ltd

Legal name

Impact Oil & Gas Ltd

Website

https://impactoilandgas.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Privately owned UK-based oil and gas exploration company focused on deepwater plays offshore Southern and West Africa. Its flagship asset is a 9.5% carried interest in the giant Venus light oil discovery in Namibia's Orange Basin, operated by TotalEnergies with first oil targeted for 2030.

Ownership category

akta.pro rank

Product category

Offshore Oil and Gas Exploration

NAICS

Oil and Gas Extraction (211), Support Activities for Oil and Gas Operations (213112), Oil and Gas Extraction (2111)

SIC

Oil & Gas Field Exploration Services (1382), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Field Development Planning & Subsurface Reservoir Engineering (EUALAAAC)

akta.pro secondary industries

Offshore E&P (Shallow/Deepwater, Subsea Production Systems) (EUALAAAI), Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Offshore oil exploration
• Deepwater hydrocarbon exploration
• Exploration farm-out services
• Seismic prospect identification
• Oil and gas asset development

Headquarters

HQ city

Guildford

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Exploration Farm-Out Transactions: Impact generates value through farm-out transactions where it sells portions of its participating interests to major oil companies (TotalEnergies, Shell, QatarEnergy) while retaining carried interests. These transactions include cash reimbursements for past costs and carry loans covering future development/appraisal/exploration costs until first oil production. In November 2024, Impact received USD99 million from TotalEnergies upon completion of farm-out transaction for Blocks 2912 and 2913B.
2. Oil Production Revenue (Future): As a pre-revenue exploration company transitioning to development, Impact expects to generate revenue from oil production at the Venus field once FID is achieved (expected 2026) with first oil targeted for 2030. Production capacity planned at approximately 150,000 barrels per day through subsea system tied back to FPSO.
3. Dividend Distributions: Impact declared and paid an $80 million dividend in January 2025 following receipt of USD99 million from TotalEnergies for farm-out completion. This represents a return of capital to shareholders from asset monetization rather than operational revenue.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Impact Oil & Gas is a privately held exploration company that acquires and develops offshore oil and gas acreage across Africa, applying advanced seismic and geophysical techniques to identify prospective blocks in mid-to-deep water (1,000m-3,500m). The company grows assets organically from greenfield acreage and partners with international oil majors (TotalEnergies, Shell, QatarEnergy) via farm-out transactions, retaining mostly carried interests in its exploration and development portfolio spanning Namibia, South Africa and the AGC joint development zone.

Product overview

Impact Oil & Gas Ltd is a privately owned, UK-based independent oil and gas exploration company operating as a pure exploration company. The company's portfolio consists of exploration acreage across offshore Namibia and South Africa, with its primary asset being the Venus light oil discovery in Block 2913B, Namibia. Impact operates through a partner-operated model, working with major oil companies including TotalEnergies (operator of Namibia assets), Shell (operator of Transkei & Algoa), and QatarEnergy. The company's exploration activities focus on deep water plays in the Orange Basin and along the Southern African transform margin.

Differentiator

Problem solved

Functional benefit

Products and services

• Venus Oil Field (Block 2913B)
• Block 2912 Exploration Acreage
• Transkei & Algoa Exploration Blocks
• Area 2 Exploration Block
• Orange Basin Deep Exploration Block

Quantifiable outcome

• 9.5% carried interest in ~750mmbbl Venus development with FID expected 2026 and first oil 2030 at 150,000 bpd
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Deepkloof Limited (IOG Energies)coreStrategic or Co-development Partner · 26 May 2026Deepkloof is Impact's majority shareholder. The May 2026 strategic reorganisation transfers Impact's South African assets to IOG Energies, a newly created wholly owned subsidiary of Deepkloof, separating Namibian development from South African exploration assets. Meren Energy Inc. (Impact's second largest shareholder) also supports the transaction.
• Shell (BG International)coreStrategic or Co-development Partner · 1 January 2020Shell acquired 55% interest and operatorship of Transkei & Algoa blocks offshore South Africa in 2020-2021. Brings substantial exploration expertise and technical/financial expertise to operate through development. Transkei & Algoa covers 45,839 km² in water depths up to 3,000m.
• Africa Energy CorpminorStrategic or Co-development Partner · 1 January 2020Impact holds approximately 20% of Africa Energy Corp (TSX listed) which has significant interest in Brulpadda-1X and Luiperd-1X gas condensate discoveries on Block 11b/12b offshore South Africa. This provides indirect participation in proven discoveries.
• Silver Wave EnergyminorStrategic or Co-development Partner · 1 January 2020Silver Wave Energy originally held 10% in Area 2 offshore South Africa. Impact acquired the remaining 10% interest in August 2024 to take 100% operatorship of Area 2 (78,708 km²).
• QatarEnergycoreStrategic or Co-development Partner · 1 January 2019QatarEnergy joined the Namibia joint venture in 2019, acquiring approximately 35% interest in Block 2913B and 33% in Block 2912. Provides additional capital and expertise to the Venus development alongside TotalEnergies and NAMCOR.
• TotalEnergiescoreStrategic or Co-development Partner · 1 January 2017TotalEnergies is the operator of the Venus development in Namibia's Orange Basin (Blocks 2912 and 2913B) with approximately 45% interest. Brought significant deep-water drilling expertise to the joint venture in 2017. In 2024, completed farm-out transaction providing Impact with full carry for all development costs until first oil. FID expected end of 2026 with first oil targeted for 2030.
• CNOOCminorStrategic or Co-development Partner · 1 January 2017CNOOC farms-in to AGC Profond PSC (joint development zone between Senegal and Guinea Bissau) in March 2017, providing partnership for West African exploration assets.
• NAMCORcoreStrategic or Co-development Partner · 1 January 2014NAMCOR is the Namibian state oil company holding 10% interest in Block 2913B and 15% in Block 2912. Provides government partnership, regulatory relationships, and local content expertise in Namibia.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Africa Energy Corp: TSX-listed exploration company with material interest in Block 11b/12b offshore South Africa (Brulpadda, Luiperd discoveries). Impact holds approximately 20% of Africa Energy Corp, making it both a strategic minority investor and a near-direct peer in terms of asset profile and Orange Basin exposure.
• Orca Exploration Group: Small-cap independent upstream company with African production (Tanzania) and prior exposure to deepwater exploration. Similar in scale, listing/ownership profile (private/closely held), and Africa E&P focus.
• Panoro Energy: Oslo/AIM-listed independent E&P with West African production and exploration assets (Equatorial Guinea, Gabon, Côte d'Ivoire, South Africa). Comparable as a small-mid cap Africa-focused upstream company pursuing partnership-driven development of frontier discoveries.
• Eco (Atlantic) Oil & Gas: AIM/TSX-listed Africa-focused exploration company with interests in the Orange Basin (Namibia) and Guyana. Closely comparable in scale, model (small-cap explorer partnering with majors), and geographic focus to Impact Oil & Gas.
• Africa Oil Corp: TSX-listed pure-play African upstream explorer with material exposure to the Orange Basin (Venus, Block 11b/12b). Shares the same core geographic focus, deepwater exploration strategy, and partner profile (TotalEnergies) as Impact. Two of Impact's non-executive directors are senior Africa Oil Corp executives, evidencing close strategic alignment.
• Tower Resources: AIM-listed Africa-focused upstream company with exploration interests in Cameroon, South Africa and elsewhere. Closely comparable in scale and the small-cap frontier-explorer-with-major-partners model that Impact pursues.
• Delonex Energy: Africa-focused upstream company (Ethiopia, Kenya, Somalia) pursuing partnership-driven exploration. Closely comparable in size and business model; Impact's incoming CFO previously held a senior commercial role at Delonex.

Broad incumbents

• Aker BP: Norwegian-listed independent E&P with strong offshore/field development capability. Comparable in deepwater development expertise; Impact's COO previously held senior drilling, field development and offshore project leadership roles at Vår Energi (formerly part of Det Norske, now Aker BP).
• Tullow Oil: UK-listed independent E&P with long-standing Africa focus (Ghana, Côte d'Ivoire, Uganda). Larger and more diversified than Impact but comparable as an Africa-focused upstream operator that uses deepwater and frontier exploration partnerships. Impact's incoming CFO Samitan Sharma previously served as Commercial Manager at Tullow.
• Kosmos Energy: US-listed independent E&P with material African deepwater positions (Mauritania/Senegal, Equatorial Guinea, Gulf of Mexico). Larger and more diversified, but comparable in technical approach to deepwater frontier exploration; non-executive director Oliver Quinn previously held senior leadership at Kosmos.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/2761412

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impact Oil & Gas Ltd