FRENCH energy major TotalEnergies is targeting a final investment decision in 2028 for its Mopane oil development offshore Namibia.
Deputy chief financial officer Arnaud le Foll says the company’s exploration and business development activities in Namibia’s offshore basin have already delivered significant discoveries that are laying the foundation for a new deepwater production hub. Across petroleum licences PEL 56 and PEL 83, TotalEnergies has confirmed approximately 1.5 billion barrels of discovered resources, anchored by the Venus and Mopane projects.
“Together, we have 1.5 billion barrels of discovered resources in hand, and we see major additional prospects currently being matured,” he says.
The Mopane field, located in PEL 83, is estimated to contain between 800 million and 1.1 billion barrels of recoverable resources, with planned production expected to exceed 200 000 barrels per day once developed.
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