Petrobras, TotalEnergies Take 42.5% Stakes in Namibia's Offshore Block 2613
Regulatory approval in Namibia still required before the deal closes.
Overview
- TotalEnergies will operate the project, partnering with Petrobras while Namcor holds 10% and Eight Offshore retains 5%.
- Block 2613 sits in the underexplored Lüderitz Basin and covers about 11,000 km² near Galp’s Mopane discovery.
- Eight Offshore and Maravilla Oil & Gas sold the interests acquired by Petrobras and TotalEnergies, with Maravilla exiting the asset.
- Petrobras did not disclose the purchase price for its newly acquired stake.
- Petrobras frames the move as a return to Namibia that supports its long-term push to diversify its portfolio and rebuild reserves, with closing contingent on approvals from Namibia’s energy and mines ministry and other regulators.