TotalEnergies becomes the operator of the Mopane field in Namibia

Moscow, September 3 – Neftegaz.RU. TotalEnergies announces the completion of the transaction concluded with Galp in December 2025.

According to the terms of the agreement:

• TotalEnergies acquires from Galp a 40% operated interest in the PEL83 license, holding the Mopane field;
• Galp acquires from TotalEnergies a 10% participating interest in the PEL56 license, holding the Venus field and a 9.39% participating interest in the PEL91 license.

«Transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses. Exploration opportunities are already lining up beyond the Mopane development, which we will start appraising as early as the second half of 2026 aiming at taking the FID of the project in 2028, after a 3 appraisal well campaign», said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

Further to the completion of this transaction, TotalEnergies holds a 40% operated interest in the PEL83 license alongside Galp (40%), Namcor (10%) and Custos (10%).

Also, the French company holds a 35.25% operated interest in the PEL56 license, alongside QatarEnergy (35.25%), Galp (10%), Namcor (10%) and Impact (9.5%), as well as a 33.09% operated interest in PEL91 alongside QatarEnergy (33.03%), Namcor (15%), Impact (9.5%) and Galp (9.39%).

About TotalEnergies in Namibia

TotalEnergies has been present in Namibia since 1964 and employs around 70 people.

TotalEnergies is also the third largest fuel distributor in the country, with 43 service stations. In line with its multi-energy strategy, the company is looking for local opportunities to develop low carbon projects in the country. The company operates PEL56, PEL83 & PEL91 and is progressing the completion of its entry as operator into PEL104.

According to Galp, both partners remain aligned on advancing the Mopane discovery, committing to an exploration and appraisal campaign of at least three wells over the next two years. The first potential well is currently under assessment for 2026. TotalEnergies will cover half of Galp’s investment costs for exploration, appraisal, and development activities in Mopane.