TotalEnergies Acquires Key Interest in PEL 83
10 Articles
10 Articles
TotalEnergies acquires key interest in PEL 83
TotalEnergies has finalized the acquisition of a 40% operating interest in Petroleum Exploration Licence 83 (PEL 83), gaining control over the significant Mopane oil discovery in Namibia’s offshore Orange Basin. This transaction, agreed with Portuguese energy company Galp in December 2025, received approval from Namibian authorities and marks a strategic expansion for the French energy …
Partnership between the two companies in Namibia's oil has been completed.
Galp made in Namibia one of its greatest oil discoveries ever. At the end of last year announced the delivery to TotalEnergies of half of its position in the PEL83 block, acquiring minority positions in two other projects.
TotalEnergies plans 3-well Mopane appraisal campaign in Namibia
TotalEnergies completed its entry as operator of Namibia’s PEL83 license, home to the giant Mopane discovery, and said it will begin an appraisal campaign of three wells at the discovery as early as H2 2026. The company is targeting FID on the project in 2028. The completed transaction saw TotalEnergies acquire a 40% operated interest …
TotalEnergies announced the completion of the Portuguese Galp deal in the Mopane deposit in Namibia, as shown by the press release TotalEnergies.
TotalEnergies completes entry into giant Mopane discovery offshore Namibia
TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 license, taking operatorship of the giant Mopane discovery ahead of a three-well appraisal campaign and targeted 2028 FID.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
