Exxon, Shell Are Said to Weigh Bids for Galp Namibia Stake
- Total, Equinor are also eyeing 40% stake in Mopane oil field
- Whole asset could be worth $20 billion based on oil estimates
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Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
TotalEnergies SE and Equinor ASA are also among those considering acquiring the 40% stake Galp is seeking to sell in the Mopane discovery, said the people, asking not to be identified as the matter is private.