Fossil Energy – Namibia
Portuegese Galp’s efforts to offload part of its stake in Namibia’s Mopane oil project have finally attracted heavyweight interest.
Industry sources report that Chevron and TotalEnergies have emerged as frontrunners among potential buyers, marking a turning point in a sale process that had stalled for months.
The Portuguese energy company is in advanced negotiations to divest up to 40% of its holding in Mopane.
Several bidders have been shortlisted, with Galp expected to announce its decision before the end of the year.
Namibia’s Mopane field is one of the country’s most significant recent oil discoveries, estimated to hold at least 10 billion barrels of oil and positioning Namibia as a potential new global energy frontier.
The field lies offshore Namibia in the Orange Basin, about 250 km from Lüderitz, in waters roughly 2,500 meters deep.
