Drilling imminent at Namibia oil deposit, TotalEnergies says
Namibia has attracted other energy majors, including Shell and BP, with a series of large offshore discoveries.
TotalEnergies CEO Patrick Pouyanné announced that drilling is imminent at Namibia’s Mopane oil deposit. This news adds to the growing interest in Namibia as a prime exploration destination in sub-Saharan Africa. The nation has already attracted major energy players such as Shell and BP, thanks to significant offshore discoveries that could revolutionize its Atlantic coast.
TotalEnergies took control of Mopane in September and will determine in 2028 whether the deposit should be developed after conducting drilling tests. The company also already operates Namibia’s offshore Venus oil deposit, which is further along in preparation for development. Talks with the Namibian government regarding commercial terms for Mopane have been ongoing, causing delays in a final investment decision.
Despite this, Pouyanné expressed optimism that the issue will be resolved. President Netumbo Nandi-Ndaitwah has placed a strong emphasis on generating value and generating employment opportunities for Namibians.
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