Business Oil & Gas Partnership

TotalEnergies and Galp Offshore Partnership Update in Namibia

Analysis based on 7 articles · First reported Jan 30, 2026 · Last updated Feb 02, 2026

Sentiment

Attention

Articles

Market Impact

Direct

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Market Impact

The partnership between TotalEnergies and Galp in Namibia's Orange Basin is expected to significantly boost the country's oil and gas production, attracting further investment into the region. This development could lead to increased stock prices for both TotalEnergies and Galp, as well as positive economic growth for Namibia.

Oil and gas industry Energy Exploration and production

Event Summary

TotalEnergies and Galp held a joint meeting with the President of Namibia, Netumbo Nandi-Ndaitwah, to update on their offshore partnership in the Orange Basin. TotalEnergies will operate Petroleum Exploration License (PEL) 83 (Mopane discoveries), while Galp will enter PEL 56 and PEL 91 (Venus discovery). Both companies reaffirmed their long-term commitment to Namibia as a future oil and gas producing country, emphasizing responsible development, value creation, and cooperation with government institutions. They discussed the transaction, operatorship transition, and expected contributions to employment, skills development, and local industry. A final investment decision for the Venus project is targeted for 2026, and an exploration and appraisal campaign for Mopane is planned for 2026.

Key Actions

90 TotalEnergies became operator of Petroleum Exploration License (PEL) 83

85 Galp entered Petroleum Exploration License (PEL) 56 and PEL 91

80 TotalEnergies planned exploration and appraisal campaign of 3 wells at Mopane

75 TotalEnergies reaffirmed commitment to responsible development of energy resources in Namibia Namibia

70 Galp reaffirmed commitment to responsible development of energy resources in Namibia Namibia

Entities Involved

stock

TotalEnergies

TotalEnergies will become the operator of Petroleum Exploration License (PEL) 83, which contains the Mopane discoveries. This partnership strengthens its position in Namibia's emerging oil and gas sector and is expected to contribute to its long-term value.

Importance 100 Sentiment 70

stock

Galp

Galp will enter PEL 56 and PEL 91, home to the Venus discovery, as part of this partnership. This move is a core pillar of Galp's growth strategy and ensures efficient and sustainable development of the Mopane resources.

Importance 95 Sentiment 65

cnt

Namibia

Namibia is poised to become an important energy-producing nation due to the development of its deepwater oil and gas potential by TotalEnergies and Galp. This partnership is expected to bring employment, skills development, and local industry growth to the country.

Importance 90 Sentiment 75

per

Patrick Pouyanné

As Chairman and CEO of TotalEnergies, Patrick Pouyanné highlighted the importance of the partnership with Galp for Namibia's energy future and the creation of a new energy hub in the region.

Importance 70 Sentiment 60

per

Paula Amorim

As Chairman of Galp, Paula Amorim emphasized that solid partnerships are crucial for Galp's growth strategy and that the Mopane discoveries represent a transformational opportunity for the company.

Importance 65 Sentiment 55

per

Netumbo Nandi-Ndaitwah

As President of the Republic of Namibia, Netumbo Nandi-Ndaitwah met with the CEOs of TotalEnergies and Galp to discuss their long-term commitment and the progress of their offshore partnership, underscoring the government's support for the projects.

Importance 60 Sentiment 50

Relationships

TotalEnergies related ↔ Galp

Patrick Pouyanné related ↔ TotalEnergies

Paula Amorim related ↔ Galp

Netumbo Nandi-Ndaitwah related ↔ Namibia

TotalEnergies related ↔ Namibia

Galp related ↔ Namibia

Patrick Pouyanné related ↔ Galp

Patrick Pouyanné related ↔ Namibia

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