{"id":10395,"date":"2026-01-08T02:09:19","date_gmt":"2026-01-08T02:09:19","guid":{"rendered":"https:\/\/www.europesays.com\/africa\/10395\/"},"modified":"2026-01-08T02:09:19","modified_gmt":"2026-01-08T02:09:19","slug":"namibia-oil-rush-intensifies-as-totalenergies-leads-bid-for-galp-stake","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/africa\/10395\/","title":{"rendered":"Namibia Oil Rush Intensifies as TotalEnergies Leads Bid for Galp Stake"},"content":{"rendered":"\n

TotalEnergies has emerged as the favorite to buy into a major oil discovery offshore Namibia and become a partner of Portugal\u2019s Galp in its development, Bloomberg reported<\/a> on Tuesday, citing anonymous sources with knowledge of the matter.<\/p>\n

Galp, which announced the Mopane oil discovery in 2024, plans to sell a 40% stake in the field and find a partner by the end of the year. Chevron was also said to be in the race<\/a> for buying a minority stake in the Mopane field.<\/p>\n

But TotalEnergies appears to be in pole position, at least according to Bloomberg\u2019s sources.<\/p>\n

The Portuguese company has confirmed<\/a> several discoveries at exploration wells in the Mopane field, including one earlier this year.<\/p>\n

Namibia has become the latest exploration hotspot and several oil majors have flocked to drill wells, especially in the Orange Basin, where most oil and gas discoveries have been made to date.<\/p>\n

Shell, TotalEnergies, BP, and Galp have all made\u00a0large discoveries<\/a>\u00a0offshore Namibia.\u00a0Shell’s Graff and TotalEnergies’ Venus discoveries have launched the exploration rush in Namibian waters.<\/p>\n

In October, BP\u00a0confirmed<\/a>\u00a0an oil and gas discovery in the Orange basin offshore Namibia.<\/p>\n

Namibia hopes to become the next Guyana, but it lacks infrastructure to fast-track the discoveries, which make them more expensive and difficult to develop and monetize.<\/p>\n

Namibia is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country.<\/p>\n

Earlier this year, a senior official said that Namibia expects TotalEnergies and Norway\u2019s BW Energy to take final investment decisions on oil projects\u00a0in late 2026.<\/a><\/p>\n

Last month, SLR Consulting, on behalf of TotalEnergies and its joint venture partners,\u00a0invited comments<\/a>\u00a0on the environmental and social impact assessment (ESIA) of the proposed development of the offshore Venus field. The comment period runs until December 3.<\/p>\n

By Charles Kennedy for Oilprice.com<\/a><\/p>\n

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You get the geopolitical intelligence, the hidden inventory data, and the market whispers that move billions – and we’ll send you $389 in premium energy intelligence, on us, just for subscribing. Join 400,000+ readers today. Get access immediately by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TotalEnergies has emerged as the favorite to buy into a major oil discovery offshore Namibia and become a…\n","protected":false},"author":2,"featured_media":10396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[5767,7244,102,7243],"class_list":{"0":"post-10395","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-namibia","8":"tag-bloomberg","9":"tag-galp","10":"tag-namibia","11":"tag-totalenergies"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/10395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/comments?post=10395"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/posts\/10395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media\/10396"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/media?parent=10395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/categories?post=10395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/africa\/wp-json\/wp\/v2\/tags?post=10395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}