TotalEnergies completes operator entry for PEL83, secures Mopane discovery
- TotalEnergies acquired a 40% operated interest in the PEL83 license (Mopane) from Galp, following Namibian regulatory approval.
- Under the swap, Galp received a 10% participating interest in PEL56 and a 9.39% participating interest in PEL91 from TotalEnergies.
- Post-closing partner structure: PEL83 — TotalEnergies 40% (op), Galp 40%, Namcor 10%, Custos 10%; PEL56 — TotalEnergies 35.25% (op), QatarEnergy 35.25%, Galp 10%, Namcor 10%, Impact 9.5%; PEL91 — TotalEnergies 33.09% (op), QatarEnergy 33.03%, Namcor 15%, Impact 9.5%, Galp 9.39%.
- TotalEnergies will begin Mopane appraisal in H2 2026 with a three-well campaign and aims for an FID in 2028.
Transaction and holdings
The December 2025 agreement with Galp has been completed, transferring a 40% operated interest in PEL83 (holding the Mopane discovery) to TotalEnergies and granting Galp a 10% interest in PEL56 and a 9.39% interest in PEL91. The transaction received Namibian approval.
After completion, partner line-ups are: PEL83 — TotalEnergies 40% (operator), Galp 40%, Namcor 10%, Custos 10%; PEL56 — TotalEnergies 35.25% (operator), QatarEnergy 35.25%, Galp 10%, Namcor 10%, Impact 9.5%; PEL91 — TotalEnergies 33.09% (operator), QatarEnergy 33.03%, Namcor 15%, Impact 9.5%, Galp 9.39%.
Development and appraisal timeline
TotalEnergies says its operator entry makes it the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin. The company plans to start appraisal of the Mopane discovery in the second half of 2026 via a three-well campaign and is targeting a final investment decision (FID) in 2028.
Source: TotalEnergies