Impact Oil & Gas Limited has completed its corporate restructuring, separating its Namibian exploration and development assets from its South African portfolio as the company focuses on advancing the Venus oil discovery towards a final investment decision (FID).
The company said the restructuring, first announced on 26 May 2026, was finalised after securing the required regulatory and joint venture approvals.
As part of the transaction, Impact completed the sale of Impact Africa Limited, which holds its South African exploration licences and certain related assets, to Impact Energies Limited, a subsidiary of its majority shareholder, Deepkloof Limited.
The restructuring creates two separate businesses, with Impact Oil & Gas concentrating on its Namibian exploration and development operations, while Impact Energies will operate independently to advance the South African exploration portfolio.
“The transaction separates Impact’s Namibian exploration and development business, which contains the Venus oil discovery, from its South African exploration portfolio, creating two distinct businesses with a clearer strategic focus,” the company said.
Impact confirmed that the restructuring would not affect its ownership interests in Namibia, where it retains a 9.5% participating interest in each of offshore Blocks 2912 and 2913B.
Block 2913B contains the Venus oil discovery, operated by TotalEnergies, where joint venture partners are progressing towards a final investment decision on the field’s development.
Impact Oil & Gas Chief Executive Officer Siraj Ahmed said the restructuring would allow the company to concentrate its resources on advancing its Namibian portfolio.
“Completion of the reorganisation marks an important milestone for Impact, creating a more focused business dedicated to unlocking the significant value of our Namibian portfolio,” 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,” he added.
The company also plans to change its corporate name to distinguish itself from Impact Energies, although the proposed change will not affect its operations, assets or shareholding structure.
Despite the separation of its South African exploration portfolio, Impact will retain an indirect exposure to South Africa through its approximately 20% shareholding in Africa Energy Corp.
Africa Energy Corp holds an interest in the Brulpadda and Luiperd gas condensate discoveries offshore South Africa.
The restructuring comes as the Venus joint venture continues preparations for a final investment decision, a key milestone required before the project can proceed towards full-scale development.
