Why Africa’s Largest Untapped Oil Field Has Yet to Flow

TotalEnergies has already adjusted its production profile to reflect Namibian realities. The company initially proposed a more aggressive development strategy with peak output of 200,000 barrels a day, but it has since revised that figure downward to 150,000 b/d. This reassessment is likely tied to the company’s broader strategy of prioritizing value over volume, aiming to sustain the production plateau for seven to eight years rather than pursuing rapid early gains (see chart). It also reflects an understa ...