
TotalEnergies receives final approval to operate Mopane discovery in Namibia
The Namibian government has granted final approval for TotalEnergies to become the operator of petroleum exploration licence PEL 83, which includes the Mopane discovery. TotalEnergies announced the completion of this transaction, with its chief executive Patrick Pouyann茅 stating that this marks a significant step towards establishing a major production hub in Namibia. The French international oil company now holds a 40% stake in the oil block, while former operator Galp Energia retains 40%. As part of the agreement, Galp also acquired 10% of the oil block containing the Venus discovery and 9.39% of the adjacent PEL 91. Pouyann茅 highlighted that this transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries, strengthening its presence in the Orange Basin. The company plans to commence a three-well appraisal campaign and aims for a final investment decision on the Mopane project in 2028.



