TotalEnergies renews Namibian licence

Namibia

WINDHOEK, May 29, 2023 – TotalEnergies has renewed the production licence of the offshore OML 130 concession in Namibia for 20 years, the French energy giant announced on Monday.

The block is located 150 kilometres off the Namibian coast and contains the producing Akpo and Egina fields.

In 2022 the block produced approximately 282,000 boepd, with nearly 30% transported to the Nigerian LNG facility on Bonny Island.

Short-term production from the Akpo West play on the block is expected to begin by the end of 2023.

The concession also contains the Preowei discovery, which the company plans to commence production from via the existing Egina FPSO.

TotalEnergies operates OML 130 with a 24% interest, along with partners China National Offshore Oil Corporation with a 45% stake, local player South Atlantic Petroleum with a 15% stake and Prime 130 with a 16% stake. NNPC acts as the block’s concessionaire.

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