TotalEnergies Pushes Deeper Into Namibia’s Offshore Oil Boom

TotalEnergies Pushes Deeper Into Namibia’s Offshore Oil Boom

TotalEnergies is expanding its exploration portfolio offshore Namibia with acreage north of a block where a major oil discovery has been made, as the supermajor looks to boost activity in the new global exploration hotspot. TotalEnergies on Friday announced it had signed agreements to buy a 42.5% operated interest in the PEL104 exploration license offshore Namibia from Eight Offshore Investments Holdings and Maravilla Oil & Gas. Upon completion …

TotalEnergies Doubles Down On Namibia With New Offshore Oil Bet - TotalEnergies (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) on Friday announced that the company has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings and Maravilla Oil & Gas. The PEL104 block is located in the Lüderitz Basin and spans roughly 11,000 square kilometers offshore Namibia. Once the deal closes, TotalEnergies will operate the license with a 42.5% interest, alongsi…

Namibia: TotalEnergies Expands its Exploration Portfolio as Operator of PEL104 License

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