TotalEnergies completed a reciprocal deal with Galp to take a 40% operated stake in Namibia’s PEL83 (Mopane), with Galp likewise increasing its positions in PEL56 and PEL91, reshaping JV interests among Namcor and Custos. The Mopane discovery holds about 1.3 billion boe in the 3C estimate, with TotalEnergies planning a three-well 2026 exploration/appraisal campaign and a potential FID in 2028 for a 2028–2032 development timeline.

Business· Sep 3, 2026

Facts from Wikidata (CC0). Image by Teo Gómez via Wikimedia Commons (Public domain).

Colophospermum mopane

species of plant

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Colophospermum mopane· Business · 26 sources · Sep 3, 2026Story

TotalEnergies becomes operator of Namibia's Mopane discovery holding 1.3 billion barrels

Business· Sep 3, 2026

Facts from Wikidata (CC0). Image by Teo Gómez via Wikimedia Commons (Public domain).

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About Colophospermum mopane

Colophospermum mopane, commonly called mopane, mopani, butterfly tree, turpentine tree, or balsam tree, is a tree in the legume family (Fabaceae), that grows in hot, dry, low-lying areas, 200 to 1,200 metres in elevation, in parts of Southern Africa. The tree only occurs in Africa and is the only species in genus Colophospermum. Its distinctive butterfly-shaped (bifoliate) leaf and thin kidney-shaped/nearly semi-circular seed pod make it easy to identify.

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