
TotalEnergies Takes 40% Operated Stake in Namibia’s PEL83
TotalEnergies has completed its transaction with Galp to take a 40% operated interest in Namibia’s PEL83, while Galp has acquired interests in PEL56 and PEL91.

TotalEnergies has completed its transaction with Galp to take a 40% operated interest in Namibia’s PEL83, while Galp has acquired interests in PEL56 and PEL91.

Bloomberg reports that Namibia has introduced a draft amendment to the Petroleum Act that would reassign several petroleum oversight responsibilities from the energy ministry to the presidency while offshore discovery negotiations continue with TotalEnergies.
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