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TotalEnergies SE ( (FR:TTE) ) has provided an update.
TotalEnergies and Galp have reinforced their long-term commitment to Namibia following a high-level meeting with President Netumbo Nandi‑Ndaitwah, where they detailed progress and next steps in their partnership across key offshore Orange Basin licenses. Under their agreement, TotalEnergies will assume operatorship of Petroleum Exploration License 83, home to the Mopane discoveries, while Galp will enter PEL 56 and PEL 91, which include the Venus discovery, positioning both companies at the center of Namibia’s emerging deepwater oil and gas industry. The partners underlined expected benefits for local employment, skills development and supply-chain activity, and stressed the need for continued regulatory support to advance project timelines. Work is progressing on Venus toward securing the conditions for a potential final investment decision in 2026, while a three‑well exploration and appraisal campaign at Mopane is planned for 2026 to better define resources and move the project toward development, laying the groundwork for Namibia to become a new regional energy hub.
More about TotalEnergies SE
TotalEnergies is a global integrated energy group active in about 120 countries, producing and marketing oil, biofuels, natural gas, biogas, low‑carbon hydrogen, renewables and electricity, with a strategic focus on reliable, affordable and more sustainable energy solutions. Galp is an energy company serving industrial, SME and retail customers with electricity from renewables, natural gas and liquid fuels, while also operating as an offshore oil and gas producer and a leading solar power player in the Iberian market.
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