Close
Oil major expands its stake in Namibia offshore acreage
MRA Online

Oil major expands its stake in Namibia offshore acreage

TotalEnergies beefs up portfolio

NAMIBIA: TotalEnergies has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings (Eight) and Maravilla Oil & Gas.

Upon completion of the transaction, TotalEnergies will be the operator of the license holding a 42.5% interest alongside Petrobras (42.5%), Namcor (10%) and Eight (5%).

Located in the Lüderitz basin, PEL104 license covers an area of around 11,000 km2 offshore Namibia.

“After the acquisition in December of a 40% operated interest in PEL83 license, TotalEnergies further strengthens its position in Namibia by entering this new exploration license as operator. While progressing towards the development of Venus and Mopane discoveries, we are very pleased to expand our portfolio and continue exploring the prolific resources of Namibia, in order to unlock further value that will benefit the country and all stakeholders,” stated Nicolas Terraz, President Exploration & Production at TotalEnergies.

Completion of the transaction is subject to customary third-party approvals from the Namibian authorities and joint ventures partners.

Print
277
OUT NOW
Maritime Tender Intelligence

image

The Q1 2026 Maritime Tender Intelligence Report is the first in a new series of quarterly deep-dives. It includes detailed sections highlighting trends and opportunities within a number of maritime sectors across Africa.

GRAB YOUR COPY

RSS Upcoming Events

25 May 2026 COASTWISE CONNECT: Information Session 5/25/2026 3:00 PM - 4:00 PM

COASTWISE CONNECT is being developed as South Africa’s first virtual community for maritime professionals, bringing together people across the entire ocean economy spectrum. It aims to unite South Africa’s fragmented maritime sector by creating a collaborative digital ecosystem where professionals at all career stages can connect, learn, grow, and collectively unlock the potential of our ocean economy.

26 May 2026 MARITIME STRAITS IN A CHANGING WORLD ORDER 5/26/2026 2:00 PM - 3:00 PM

In this webinar, WMU faculty will engage with Professor James Kraska, Chair and Charles H. Stockton Professor of International Maritime Law in the Stockton Center for International Law at the Naval War College, posing questions that explore the current state of international law as it applies to the Strait of Hormuz and comparable maritime chokepoints.

27 May 2026 COMMUNICATING TIPPING POINTS 5/27/2026 2:00 PM - 3:30 PM

Tipping points in the Earth system are often portrayed as ominous, abrupt shifts that could significantly alter life on Earth. While this reflects the seriousness of the science, the framing can also create confusion and discourage action.

1 Jun 2026 SEAPOWER FOR AFRICA 6/1/2026 - 6/4/2026

The Sixth SPAS will feature conference sessions, networking events and an international exhibition showcasing the latest naval equipment, technologies and solutions that will help our navies effectively protect Africa’s maritime interests. We sincerely look forward to welcoming you to this landmark symposium and working together to shape a safer, more cooperative maritime future for the continent.

123

CONTACT US

EMAIL:  editor@maritimesa.co.za
PHONE: +27 21 914 1157

Terms Of UsePrivacy StatementCopyright 2026 | More Maximum Media - publishers of Maritime Review Africa
Back To Top