Namibia’s Government Unaware of TotalEnergies and Petrobras Offshore Deal. Windhoek, Namibia — 2026-02-08 Lead Paragraph The Namibian government has publicly declared its lack of prior knowledge regarding an offshore deal involving TotalEnergies and Petrobras, which saw the acquisition of a 42. 5% stake in an exploration block in the country.
The revelation has sparked procedural concerns amidst the transaction’s announcement. Body.
The acquisition of the 42.
5% stake in the PEL 104 license, which TotalEnergies will operate, came as a surprise to the Namibian government.
According to sources, both TotalEnergies and Petrobras reported the acquisition, with the involvement of Eight Offshore Investments Holdings and Maravilla Oil & Gas, where Namcor holds a 10% stake and Eight retains 5%.
The Namibian Ministry of Industries, Mines and Energy expressed shock at the lack of prior notification of the deal, suggesting potential issues with communication or oversight.
The government was reportedly informed about the deal only minutes before its official announcement, raising questions about the transparency and procedure of the transaction. TotalEnergies and Petrobras have both publicly confirmed their stake acquisition, indicating that the transaction is proceeding despite the Namibian government’s lack of prior knowledge.
The situation underscores the complexities of offshore oil and gas exploration deals and their potential impact on the relationship between national governments and multinational corporations.
Ending.
The Namibian government’s lack of awareness about the deal raises questions about the process and oversight involved in such significant transactions. Further details are expected as the situation unfolds, and.
Source: Namibia says it was unaware of high-stakes TotalEnergies and Petrobras offshore deal — [africa. Businessinsider.
Com]( Businessinsider.
*Additional reporting by ImNews | Sources consulted: 3*
