TotalEnergies becomes operator of Namibia’s PEL 83 license
Namibia's Petroleum Exploration Licence 83 has been acquired by TotalEnergies, with Galp Energias, NAMCOR, and Custos Energy also holding 40%, 10%, and 10% respectively, according to a press release from Sintana Energy Inc. (TSX-V:SEI, AIM: SEI, OTCQX: SEUSF). The license encompasses the Mopane discoveries, which are estimated to contain around 1.3 billion barrels equivalent.
TotalEnergies plans to commence a 3-well exploration and appraisal campaign on the license in 2026, with a potential final investment decision for phase 1 development anticipated in 2028, targeting first oil production in 2032. The acquisition marks a significant milestone for Mopane, the Joint Venture, and Sintana, who maintains an indirect 4.9% interest through Custos.
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