Statoil has a 35 percent interest in the ER 12/3/154 Tugela South licence.

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The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa (25%). 

The Tugela South Exploration Right covers an area of approximately 9,054 square kilometres. It is located offshore eastern South Africa in water depths up to 1,800 metres.