Namibia: TotalEnergies Expands its Exploration Portfolio as Operator of PEL104 License

NodeGuardian · 2026-02-06T10:19:49+00:00

TotalEnergies will acquire a 42.5% operated interest in the PEL104 Exploration license offshore Namibia, enhancing its position in the region while developing the Venus and Mopane discoveries. The deal awaits regulatory approval.

NodeGuardian

2026-02-06 10:19:49

Abstract generation in progress

TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 Exploration license in offshore Namibia, located in the Lüderitz basin and covering approximately 11,000 km². This move strengthens TotalEnergies’ position in Namibia, following a previous acquisition in December, as the company progresses with the development of Venus and Mopane discoveries while continuing to explore prolific resources to benefit the country and its stakeholders. The transaction is subject to regulatory and joint venture approvals.

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