Namibia: TotalEnergies Expands its Exploration Portfolio as Operator of PEL104 License
TotalEnergiesTotalEnergies(US:TTE) Businesswire·2026-02-06 08:48

Core Viewpoint - TotalEnergies has signed agreements to acquire a 42.5% operated interest in the PEL104 Exploration license offshore Namibia, enhancing its position in the region [1] Group 1: Acquisition Details - TotalEnergies will become the operator of the PEL104 license, holding a 42.5% interest [1] - The remaining interests in the license are held by Petrobras (42.5%), Namcor (10%), and Eight Offshore Investments Holdings (5%) [1] Group 2: Location and Coverage - The PEL104 license is located in the Lüderitz basin, covering a significant area offshore Namibia [1]

Namibia: TotalEnergies Expands its Exploration Portfolio as Operator of PEL104 License - Reportify