TotalEnergies to Buy 40% Stake in Namibia Project From Galp Energia

MT Newswires Live12-09 18:21

TotalEnergies (TTE) said Tuesday it has agreed to acquire a 40% operated interest in PEL83, which includes the Mopane discovery in Namibia, from Galp Energia.

Galp will acquire a 10% participating interest in PEL56, which includes the Venus discovery, and a 9.4% stake in PEL91 from TotalEnergies.

The company said it will carry 50% of Galp's capital expenditures for the exploration and appraisal of the Mopane discovery and the initial development on PEL83, with the carry to be repaid through 50% of Galp's future cash flows from the project.

TotalEnergies said the companies plan to launch an exploration and appraisal campaign, including three wells over the next two years, with a first well planned next year, to further de-risk resources and advance the development of the Mopane discovery.

The transaction is subject to customary third-party approvals from Namibian authorities and joint venture partners, with completion expected in 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590312039?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 18:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590312039","market":"sg","top_or_hot":-1,"title":"TotalEnergies to Buy 40% Stake in Namibia Project From Galp Energia","media":"MT Newswires Live","content":"<html><body><p> TotalEnergies (TTE) said Tuesday it has agreed to acquire a 40% operated interest in PEL83, which includes the Mopane discovery in Namibia, from <a href=\"https://laohu8.com/S/GLPEF\">Galp Energia</a>.</p><p>Galp will acquire a 10% participating interest in PEL56, which includes the Venus discovery, and a 9.4% stake in PEL91 from TotalEnergies.</p><p>The company said it will carry 50% of Galp's capital expenditures for the exploration and appraisal of the Mopane discovery and the initial development on PEL83, with the carry to be repaid through 50% of Galp's future cash flows from the project.</p><p>TotalEnergies said the companies plan to launch an exploration and appraisal campaign, including three wells over the next two years, with a first well planned next year, to further de-risk resources and advance the development of the Mopane discovery.</p><p>The transaction is subject to customary third-party approvals from Namibian authorities and joint venture partners, with completion expected in 2026.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TotalEnergies to Buy 40% Stake in Namibia Project From Galp Energia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTotalEnergies to Buy 40% Stake in Namibia Project From Galp Energia\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-09 18:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> TotalEnergies (TTE) said Tuesday it has agreed to acquire a 40% operated interest in PEL83, which includes the Mopane discovery in Namibia, from <a href=\"https://laohu8.com/S/GLPEF\">Galp Energia</a>.</p><p>Galp will acquire a 10% participating interest in PEL56, which includes the Venus discovery, and a 9.4% stake in PEL91 from TotalEnergies.</p><p>The company said it will carry 50% of Galp's capital expenditures for the exploration and appraisal of the Mopane discovery and the initial development on PEL83, with the carry to be repaid through 50% of Galp's future cash flows from the project.</p><p>TotalEnergies said the companies plan to launch an exploration and appraisal campaign, including three wells over the next two years, with a first well planned next year, to further de-risk resources and advance the development of the Mopane discovery.</p><p>The transaction is subject to customary third-party approvals from Namibian authorities and joint venture partners, with completion expected in 2026.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2590312039","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590312039","pubTimestamp":1765275662,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"TotalEnergies (TTE) said Tuesday it has agreed to acquire a 40% operated interest in PEL83, which includes the Mopane discovery in Namibia, from Galp Energia.Galp will acquire a 10% participating inte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","TTE":"道达尔","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4201":"综合性石油与天然气企业"},"translate_title":"TotalEnergies将从Galp Energia手中收购纳米比亚项目40%的股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTE":1},"content_text":"TotalEnergies (TTE) said Tuesday it has agreed to acquire a 40% operated interest in PEL83, which includes the Mopane discovery in Namibia, from Galp Energia.Galp will acquire a 10% participating interest in PEL56, which includes the Venus discovery, and a 9.4% stake in PEL91 from TotalEnergies.The company said it will carry 50% of Galp's capital expenditures for the exploration and appraisal of the Mopane discovery and the initial development on PEL83, with the carry to be repaid through 50% of Galp's future cash flows from the project.TotalEnergies said the companies plan to launch an exploration and appraisal campaign, including three wells over the next two years, with a first well planned next year, to further de-risk resources and advance the development of the Mopane discovery.The transaction is subject to customary third-party approvals from Namibian authorities and joint venture partners, with completion expected in 2026.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590312039","isCrawlerRequest":true}