• TotalEnergies is preparing a first development phase on Namibia’s PEL 83 block using an FPSO with capacity above 200,000 barrels per day.

• The company plans appraisal drilling in 2026–2027 targeting 800–1,100 million barrels of oil equivalent at the Mopane discovery.

• TotalEnergies targets a final investment decision in 2028 under a farm-in deal with Galp.

TotalEnergies is moving toward a first production phase on Namibia’s offshore block PEL 83 after assuming operatorship in December 2025 under an agreement with Portugal’s Galp.

The French group said in its 2025 results presentation and 2026 outlook, published on Wednesday, February 11, that it is working on the “maturation of the full plan for a first development.”

The company said it would execute the initial development through a floating production, storage and offloading unit (FPSO). The installation would target oil production capacity above 200,000 barrels per day.

TotalEnergies will conduct an exploration and appraisal campaign over 2026–2027 to define production capacity and project configuration. The company plans to drill one well in 2026, named the “Mopane Extension well,” to quantify maximum recoverable resources.

The company scheduled two additional appraisal wells for 2027. The wells aim to confirm a development plan to exploit hydrocarbon resources at the Mopane discovery, which the company estimates at between 800 million and 1.1 billion barrels of oil equivalent.

The project timeline in the presentation indicates that TotalEnergies and its partner Galp are considering a final investment decision in 2028. The company did not disclose project cost estimates or a production start date at this stage.

The development follows a December 2025 agreement under which TotalEnergies became operator with a 40% stake in license PEL 83, which includes the Mopane discovery previously controlled mainly by Galp.

Under the transaction, Galp will receive a 10% stake in offshore license PEL 56, which hosts the Venus oil and gas discovery, and a 9.39% stake in block PEL 91.

Under the agreement terms, TotalEnergies will carry 50% of the exploration, appraisal and first development costs at Mopane on behalf of Galp. Galp will reimburse those expenditures through 50% of its future cash flows from the project. The parties have submitted the agreement to Namibian regulatory authorities and expect to finalize the transaction this year.

Abdel-Latif Boureima