TotalEnergies expands Namibia exploration position with operated PEL104 stake
(WO) - TotalEnergies has signed agreements to accumulate a 42.5% operated curiosity within the offshore PEL104 exploration license in Namibia, additional increasing its upstream footprint within the nation’s rising deepwater province. Upon completion of the transaction, TotalEnergies will function the block with a 42.5% stake alongside Petrobras (42.5%), Namcor (10%) and Eight Offshore Investments (5%). The license covers roughly 11,000 sq km within the Lüderitz basin offshore southern Namibia. The transfer provides to...
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