TotalEnergies (TTE) has finalized its acquisition of a 40% operated interest in Namibia's PEL83 license, which contains the giant Mopane discovery, completing a transaction agreed with Galp in December 2025, the company said Thursday.
Under the deal, the French energy major transferred a 10% stake in the PEL56 license, and a 9.4% interest in PEL91 to Galp, it said.
Following completion of the deal, TotalEnergies now operates Namibia's two largest oil discoveries, holding 40% of PEL83; 35% of PEL56, and 33% of PEL91.
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