TotalEnergies Finalises Operatorship of Namibia's Mopane Asset

TotalEnergies has completed the acquisition of a 40% operated interest in the PEL83 exploration license offshore Namibia, expanding its upstream footprint in the region. Under the transaction, the energy company has formally assumed operatorship of the acreage, which contains the giant Mopane discovery.

The completion of the entry marks a major operational transition for the license as the venture advances beyond the initial discovery phase. With operatorship secured, TotalEnergies will lead the upcoming technical and drilling activities across the offshore block.

The forward plan for PEL83 includes a three-well appraisal campaign aimed at defining the scale and reservoir properties of the Mopane find. Data gathered from the drilling programme will be critical to establishing the resource base and assessing the commercial parameters of the field.

The project stakeholders are working toward a targeted final investment decision in 2028. The intervening schedule allows for the completion of the appraisal drilling and the formulation of long-term development plans for the offshore asset.