Its role Owner
Custos is a Namibia-based upstream oil and gas company focused on offshore exploration and appraisal. The company holds minority, non-operated interests in offshore petroleum exploration licenses, partnering with international operators and Namibia’s state oil company, NAMCOR.
Custos participates in seismic acquisition and drilling campaigns to evaluate resources and advance prospects in line with Namibia’s regulatory and environmental standards. While not a chemical producer, its activities are relevant to the broader energy and petrochemical value chain by helping to define future sources of oil and gas feedstocks.
Also known as Custos Energy Ltd..
chemXplore tracks 1 project involving Custos, of which one is active.
4% annual energy growth to 2030; $10bn free cash flow uplift 2025–2030; $14–17bn/yr capex 2027–2032; dividend +5%/yr to 2030 and planned buybacks.
Completes swap with Galp to operate PEL83 (Mopane); secures 40% operated stake and plans appraisal from H2 2026 with a three‑well campaign targeting FID in 2028.
TotalEnergies acquires 40% in PEL83, Galp gets 10% in PEL56. Exploration campaign planned. Transaction completion expected in 2026.
active all projects
