TotalEnergies Leads Mopane Oil Field Bid
Update: 2025-12-02
Description
TotalEnergies emerges as the frontrunner to acquire a significant stake in a major oil discovery off Namibias coast, potentially partnering with Portugals Galp in developing the Mopane oil field. This move comes as Galp seeks to sell a 40% share before the year ends. Namibia, a new oil exploration hotspot, aims to become a major producer but lacks necessary infrastructure, making projects costly and challenging. TotalEnergies and BW Energy are expected to make final investment decisions in late 2026, while TotalEnergies and partners invite public comments on the Venus fields environmental and social impact assessment.
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