TotalEnergies has announced the regulatory approval, by Namibian authorities, of its acquisition a 40% operated interest in the PEL83 license, holding the Mopane discovery, from Galp Energia.
“We would like to thank the Namibian authorities for their swift approval of this strategic transaction with Galp, our new partner”, the French major says in a press release.
TotalEnergies agreed to the transaction with Galp to acquire an interest in the Mopane field (PEL 83 license) in December 2025, and the deal was submitted for regulatory review. Namibia’s Ministry of Industries, Mines and Energy granted official approval for the transaction during the week ending July 17, 2026. A month and half later, on September 3, 2026: TotalEnergies officially announced the final completion of the acquisition and took over operatorship.
Galp, in turn, succeeded in having the government approve its own acquisition of 10% participating interest in the PEL56 license, holding the Venus discovery and a 9.39% participating interest in the PEL91 license, both from TotalEnergies.
Further to the completion of this transaction, TotalEnergies holds a 40% operated interest in the PEL83 license alongside Galp (40%), Namcor (10%) and Custos (10%), a 35.25% operated interest in the PEL56 license, alongside QatarEnergy (35.25%), Galp (10%), Namcor (10%) and Impact (9.5%), as well as a 33.09% operated interest in PEL91 alongside QatarEnergy (33.03%), Namcor (15%), Impact (9.5%) and Galp (9.39%).
“This transaction positions TotalEnergies as the operator of Namibia’s two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses”, declares Patrick Pouyanné, Chairman and CEO of TotalEnergies.
Exploration opportunities are already lining up beyond the Mopane development, which we will start appraising as early as the second half of 2026 aiming at taking the FID of the project in 2028, after a 3 appraisal well campaign”.
TotalEnergies’ entry as operator of the giant Mopane discovery marks a key milestone in our journey to establish a major production hub in Namibia”, said.
