The Portuguese oil company Galp reinforces its bet on oil and gas exploration in Namibia through a partnership with TotalEnergies. The operation maintains Galp's 40% stake in the Mopane oil and gas discovery, consolidating its position in the African country.
The partnership with TotalEnergies allows Galp to remain involved in significant exploration projects in Namibia. The agreement strengthens the Portuguese company's exposure to the Venus project, which is in an advanced development phase.
The Venus project is approaching the final investment decision, which represents an important milestone for Galp's operations in the region. This discovery is considered one of the most relevant on the African continent in recent years.
With this partnership, Galp continues to demonstrate interest in expanding its deepwater hydrocarbon exploration activities, maintaining a strategic position in the African energy market through collaboration with TotalEnergies.
