Upstream article updated with some more commentary (see below). Perhaps Total has outbid Petrobras but the bidding war continues? In any event, is fantastic for PCL and the PEL87 negotiations. Sintana SP has rallied, PCL's turn Monday?
"Another Orange basin watcher added that if TotalEnergies' move is successful, it will become a "country leader" because it would be operating what may be the first two Namibian projects to be sanctioned for development — Mopane and Venus.
This knowledgeable contact also noted that TotalEnergies is currently in talks with Namibia's government about fiscal terms for Venus and "will expect Venus negotiations to roll on to Mopane."Both TotalEnergies and Galp have been approached for comment.While the French supermajor has not responded, a spokesperson for the Portugal-based player said: "Galp is not commenting on the news flow and confirms what was said at the first-quarter earnings call about the Namibia farm-down process and timings."It remains an open and competitive process," added the spokesperson."
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