TotalEnergies and Galp have reiterated their long-term commitment to the Namibian oilfield development, providing an update on the progress and next steps of their recently announced partnership across key offshore licenses in the Orange Basin.
Patrick Pouyanné, Chairman and CEO of TotalEnergies, and Paula Amorim, Chairman of Galp, held a joint meeting to follow up on the agreement under which TotalEnergies will become the operator of Petroleum Exploration License (PEL) 83, home to the Mopane discoveries. At the same time, Galp will enter PEL 56 and PEL 91, home to the Venus discovery.
TotalEnergies and Galp reaffirmed their strong confidence in Namibia as a future oil and gas-producing country. They reiterated their long-term commitment to the responsible development of Namibia’s energy resources, nationwide value creation, and close cooperation with government institutions.
The companies updated the Presidency on the transaction and the operatorship transition, highlighted the partnership’s expected contributions to employment, skills development, and local industry, and underlined the importance of continued regulatory support for the efficient execution of upcoming project phases.
For the Venus project, with a well-defined development concept, partners are working to secure all conditions enabling a potential final investment decision in 2026. At Mopane, an exploration and appraisal campaign of 3 wells is planned to commence in 2026 to further expand the understanding of the resources and progress the project toward the development stage.
