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TotalEnergies in discussions to extend Namibia license, CEO says

Published by Global Banking & Finance Review

Posted on September 4, 2025

1 min read

· Last updated: January 22, 2026

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TotalEnergies in discussions to extend Namibia license, CEO says
oil and gas investment decision sustainability
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HOUSTON (Reuters) -French oil major TotalEnergies is in discussions with Namibian authorities to extend an exploration license, CEO Patrick Pouyanne said on Thursday, while speaking at a Barclays

TotalEnergies Negotiates License Extension in Namibia, Says CEO

TotalEnergies' License Negotiations

HOUSTON (Reuters) -French oil major TotalEnergies is in discussions with Namibian authorities to extend an exploration license, CEO Patrick Pouyanne said on Thursday, while speaking at a Barclays energy conference. 

Oil Production Capacity Adjustments

Earlier this year, the company lowered the oil production capacity estimate for a Namibia project and said it expected to make a final investment decision later than initially targeted. 

Future Investment Decisions

(Reporting by Sheila Dang in Houston;)

Key Takeaways

  • TotalEnergies is in talks to extend its exploration license in Namibia.
  • CEO Patrick Pouyanne announced discussions at a Barclays conference.
  • The company revised its oil production capacity estimate earlier this year.
  • A final investment decision is expected later than initially planned.
  • The negotiations are crucial for TotalEnergies' future projects in Namibia.

Frequently Asked Questions

What is TotalEnergies discussing with Namibian authorities?
TotalEnergies is in discussions to extend an exploration license with Namibian authorities, as confirmed by CEO Patrick Pouyanne.
What change did TotalEnergies make regarding its Namibia project?
Earlier this year, TotalEnergies lowered the oil production capacity estimate for its Namibia project.
When does TotalEnergies expect to make a final investment decision?
TotalEnergies expects to make a final investment decision later than initially targeted.

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