Galp and TotalEnergies Strengthen Commitment to Namibia
- TotalEnergies will operate PEL 83, while Galp enters PEL 56 and PEL 91.
- A final investment decision for the Venus project is targeted for 2026.
- An exploration campaign at Mopane is planned to start in 2026.
Meeting Overview
Patrick Pouyanné of TotalEnergies and Paula Amorim of Galp met with Namibia's President, Netumbo Nandi-Ndaitwah, to discuss their long-term commitment to the country's energy sector. They provided updates on their partnership in the Orange Basin's offshore licenses.
Project Details
TotalEnergies will operate Petroleum Exploration License (PEL) 83, which includes the Mopane discoveries, while Galp will enter PEL 56 and PEL 91, home to the Venus discovery. The companies emphasized their confidence in Namibia's potential as a future oil and gas producer.
Future Plans
For the Venus project, partners aim to secure conditions for a final investment decision by 2026. At Mopane, an exploration and appraisal campaign involving three wells is scheduled to begin in 2026 to further understand the resources and advance the project.
Collaboration and Support
The companies highlighted the importance of regulatory support for efficient project execution and discussed contributions to employment, skills development, and local industry. They reiterated their commitment to responsible energy resource development and cooperation with government institutions.
Source: Galp