TotalEnergies takes 40% stake, operatorship of Namibia’s Mopane oil discovery license PEL83

Reuters2026/09/03 06:18

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TotalEnergies completed a swap with Galp, taking a 40% operated stake in Namibia’s PEL83 license covering the giant Mopane discovery.
Transaction leaves TotalEnergies operating Namibia’s two biggest oil discoveries, Mopane in PEL83 and Venus in PEL56.
Galp received a 10% stake in PEL56 and a 9.39% stake in PEL91; TotalEnergies holds 35.25% in PEL56, 33.09% in PEL91.
Appraisal of Mopane is set to start in 2H 2026, targeting a final investment decision in 2028 following a three-well campaign.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202609030218BIZWIRE_UKPR_REG_20260902_BW193723) on September 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TotalEnergies takes 40% stake, operatorship of Namibia’s Mopane oil discovery license PEL83

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