US EditionNamibia: TotalEnergies solidifies stake in Mopane discovery
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4 Articles
PLMJ advises Galp on partnership with TotalEnergies
PLMJ was part of the legal team that advised Galp on concluding a strategic partnership withTotalEnergies for oil exploration in Namibia. As part of the agreement, the two oil companies agreed to exchange assets, including the sale of a 40% stake in PEL 83 — which includes the Mopane complex — to TotalEnergies. In turn, Galp will acquire interests in PEL 56 and 91, which are currently owned by TotalEnergies. TotalEnergies will also assume 50% of…
TotalEnergies will stay with 40% of Galp's assets in Namibia and will finance half of the costs of the Mopane project, in exchange for 10% of Venus's discovery. Analysts say that France has benefited from the business.
TotalEnergies strengthens position in Namibia with new stake in Mopane and Venus oil discoveries
TotalEnergies has taken over operatorship of Namibia’s PEL 83 license block following a December 2025 agreement with Galp, giving the French major a 40 percent operated stake in an area that includes the Mopane oil discovery. The deal, which awaits standard third-party approvals before closing in 2026, sets in motion a multi-year appraisal program that […]
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