Core Insights - Sintana Energy Inc. provides an update on its interests in blocks 2813A and 2814B in Namibia's Orange Basin, holding an effective 4.9% interest in Petroleum Exploration License 83 (PEL 83) through Custos Energy [1][5] - TotalEnergies has entered an agreement with Galp to take over operatorship of PEL 83 and acquire a 40% participating interest, enhancing the project's operational capacity [3][4] - The agreement includes a commitment to conduct an exploration and appraisal campaign with at least three wells planned over the next two years [4][6] Company Developments - The transaction is subject to customary approvals from Namibian authorities and joint venture parties, with completion expected in 2026 [6] - Sintana's CEO highlighted the significance of TotalEnergies joining the partnership, emphasizing the quality and scale of the opportunity, particularly regarding discoveries at Mopane [7] - Sintana Energy is engaged in petroleum exploration and development across five licenses in Namibia and is in advanced stages to acquire Challenger Energy Group Plc, which will expand its portfolio in Uruguay [9]
PEL 83 – TotalEnergies to Enter as Operator