TotalEnergies Expands Exploration Portfolio in Namibia with PEL104 License Acquisition

TotalEnergies has acquired a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight and Maravilla Oil & Gas. Upon completion, TotalEnergies will be the operator of the license, holding a 42.5% interest alongside Petrobras, Namcor, and Eight. This expansion strengthens TotalEnergies' position in Namibia, progressing towards the development of Venus and Mopane discoveries and unlocking further value for the country and stakeholders.