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TotalEnergies Takes Charge of Namibia's Mopane Discovery

12/9/2025

Summary

Story summary

TotalEnergies has secured operatorship of Mopane discovery offshore Namibia via a deal with Galp Energia, announced Dec 9, 2025.
TotalEnergies will hold a 40% stake in Petroleum Exploration License (PEL) 83, while Galp holds 10% in PEL 56 and 9.39% in PEL 91.
TotalEnergies will cover 50% of Galp's exploration and development capital expenditures, repayable from future cash flows.
Three Mopane wells are planned to start drilling in 2026, pending approvals.

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Story summary

TotalEnergies has secured operatorship of Mopane discovery offshore Namibia via a deal with Galp Energia, announced Dec 9, 2025.
TotalEnergies will hold a 40% stake in Petroleum Exploration License (PEL) 83, while Galp holds 10% in PEL 56 and 9.39% in PEL 91.
TotalEnergies will cover 50% of Galp's exploration and development capital expenditures, repayable from future cash flows.
Three Mopane wells are planned to start drilling in 2026, pending approvals.