Namibia: TotalEnergies Completes Its Entry as Operator Into PEL83 License, Holding the Giant Mopane Discovery
TotalEnergies has completed its December 2025 agreement with Galp, acquiring a 40% operated interest in Namibia's PEL83 license, which holds the giant Mopane oil discovery. In the swap, Galp received a 10% stake in the PEL56 license (Venus discovery) and 9.39% of PEL91, leaving TotalEnergies as operator of all three licenses with 40%, 35.25% and 33.09% interests respectively. CEO Patrick Pouyanné said the deal positions TotalEnergies as operator of Namibia's two largest oil discoveries and anchors plans for a major Orange Basin production hub, with a 3-well appraisal campaign starting in H2 2026 and a project FID targeted for 2028.
Key figures
- Fid target
- 2028
- Pel56 interest
- 35.25% operated (alongside QatarEnergy 35.25%, Galp 10%, Namcor 10%, Impact 9.5%)
- Pel83 interest
- 40% operated (alongside Galp 40%, Namcor 10%, Custos 10%)
- Pel91 interest
- 33.09% operated
- Appraisal start
- second half of 2026
- Appraisal well campaign
- 3 wells
AI analysis
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