Exxon Mobil Corporation has announced that its partner ExxonMobil Exploration and Production South Africa Limited has signed a deal with Impact Africa Limited, a subsidiary of Impact Oil & Gas Limited. The deal will let the companies explore for oil and gas in the offshore regions of South Africa.

The deal has given 75% right to ExxonMobil Exploration and Production South Africa Limited in the Tugela South Exploration Right. The deal has not only led the former company to acquire present interest, but as well as future exploration rights.

It shall be noted that all these activities are done after taking the approval of the South African government. In addition, it has also been revealed that ExxonMobil Exploration and Production South Africa Limited have taken a special permit of technical cooperation from the South African government.

The permit will let them to study about the hydrocarbon potential of the Deepwater Durban Basin. The company can take the permission of exploration rights as well from the South African Government.

"We look forward to working with Impact and the South African government to explore for oil and gas in this new area for ExxonMobil", said Stephen M. Greenlee, who is positioned as the President of ExxonMobil Exploration Company.