TotalEnergies Lifts Namibian Stakes in Boost for Oil Development
- CEO says deal is ‘key step’ toward developing Venus discovery
- Shell and TotalEnergies have made large oil finds off Namibia
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TotalEnergies SE said lifting its stake in two Namibian oil blocks is a “key step” toward developing the Venus field off the coast of the southwest African nation.
Starting in 2022, TotalEnergies and Shell Plc made large finds in the waters off Namibia, raising hopes of transforming the economy of the sparsely populated country.