WO) — TotalEnergies has accomplished its acquisition of a 40% operated curiosity in Namibia’s PEL83 license from Galp, taking operatorship of the large Mopane oil discovery within the Orange basin forward of a deliberate appraisal drilling marketing campaign.
Following completion of the transaction, TotalEnergies holds a 40% curiosity in PEL83 alongside Galp with 40%, Namcor with 10% and Custos with 10%.
TotalEnergies plans to start a three-well appraisal marketing campaign at Mopane within the second half of 2026 as it really works towards a possible last funding resolution (FID) in 2028.
“TotalEnergies’ entry as operator of the large Mopane discovery marks a key milestone in our journey to determine a serious manufacturing hub in Namibia,” Chairman and CEO Patrick Pouyanné mentioned.
The transaction, initially agreed with Galp in December 2025, additionally provides Galp a ten% collaborating curiosity in TotalEnergies-operated PEL56, which accommodates the Venus discovery, and a 9.39% curiosity in PEL91.
Following the deal, TotalEnergies holds a 35.25% operated curiosity in PEL56 alongside QatarEnergy, Galp, Namcor and Affect. The corporate additionally holds a 33.09% operated curiosity in PEL91.
The transaction additional consolidates TotalEnergies’ place in Namibia’s rising Orange basin, the place the corporate now operates acreage containing each the Mopane and Venus discoveries. TotalEnergies can be progressing its entry as operator of PEL104.
