TotalEnergies Completes Entry as Operator of Namibia's Mopane Discovery

M&A · PartnershipCommodity Impact 4
โดย Business Wire·NAFR·Read original
Summary · why it matters

TotalEnergies has completed its transaction with Galp, acquiring a 40% operated interest in Namibia's PEL83 license, which holds the giant Mopane discovery, while Galp received a 10% participating interest in PEL56 and a 9.39% interest in PEL91. Following the deal, TotalEnergies now operates PEL83 with 40% alongside Galp (40%), Namcor (10%), and Custos (10%), and also operates PEL56 with 35.25% and PEL91 with 33.09%. CEO Patrick Pouyanné called the entry a key milestone toward establishing a major production hub in Namibia, positioning TotalEnergies as operator of the country's two largest oil discoveries. Appraisal of Mopane is set to begin in the second half of 2026, with a final investment decision targeted for 2028 after a three-well campaign.

Impact on stocks 2

Energy▲ · 1 stocks
TotalEnergies SE
TTE
▲ PositiveCapitalrelevance

TotalEnergies completed its acquisition of a 40% operated interest in PEL83, becoming operator of Namibia's two largest oil discoveries.

Energy Transition & Power Demand▲ · 1 stocks
Galp Energia Nom
0B67
▲ PositiveCapitalrelevance

Galp completed a transaction swapping into PEL56 (10%) and PEL91 (9.39%) while retaining 40% of the operated Mopane PEL83 license.

Off-coverage companies 2

Custos Energy (Pty) Ltd.Private± Mixed
relevance

NAMCORPrivate± Mixed
relevance

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