Latest news with #Venus-1
Zawya
05-03-2025
- Business
- Zawya
TotalEnergies' Mike Sangster to Headline Invest in African Energy Forum in Paris
Mike Sangster, Senior Vice President for Africa at TotalEnergies, will deliver a keynote address at the Invest in African Energy (IAE) Forum in Paris this May. Sangster will also participate in an exclusive fireside chat, offering critical insights into the company's vision for Africa's energy future, its ongoing projects and the evolving role of oil and gas in the continent's energy mix. TotalEnergies continues to drive oil and gas development across Africa, with a strong focus on both emerging and mature markets. In Namibia, the company is advancing its Venus-1 discovery, targeting first oil by the decade's end, with an FID expected in early 2026 for a development producing 150,000 barrels per day. TotalEnergies is also exploring additional prospects in the Orange Basin, having recently drilled the Marula-1X and Tabmoti-1X wells. In the Republic of Congo, the company is investing $600 million to expand deepwater production at the Moho Nord field, while in Libya, it plans to complete an onshore exploration project and lead new drilling campaigns in the Waha and Sharara fields in 2025. IAE 2025 ( is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit To sponsor or participate as a delegate, please contact sales@ Meanwhile, TotalEnergies is expanding its gas processing and midstream infrastructure across Africa, strengthening its role in the continent's evolving energy landscape. In Mozambique, the company is progressing with the Mozambique LNG project, a $20 billion development expected to secure renewed financial backing from export credit agencies. I Uganda, TotalEnergies is gearing up for first oil from its Tilenga field in 2025, with crude transported via the East African Crude Oil Pipeline (EACOP). Once operational, EACOP will be the longest heated crude oil pipeline globally, significantly enhancing East Africa's ability to monetize its hydrocarbon resources and attract further investment into the region's energy sector. TotalEnergies is also expanding its renewable energy footprint in Africa through strategic investments in solar, wind, hydropower and green hydrogen. The company is advancing its 500 MW Sadada solar project in Libya and acquired Scatec's hydropower portfolio on the continent in July 2024, including the 250 MW Bujagali Hydropower Plant in Uganda and stakes in projects in Malawi, Rwanda and the DRC. In South Africa, TotalEnergies is constructing a 216 MW solar plant with battery storage, along with a 140 MW wind farm and a 120 MW solar facility, set to supply green electricity to Sasol's industrial operations. In Morocco, the company is developing the Chbika project, a 1 GW wind and solar farm designed to produce 200,000 metric tons of green ammonia annually for export to Europe. These initiatives align with TotalEnergies' strategy to integrate renewables into its portfolio while supporting Africa's energy transition. Sangster's participation at IAE 2025 comes at a pivotal time for Africa's energy sector, as investors and policymakers navigate a shifting global energy landscape. His keynote address and fireside chat will provide valuable perspectives on the role of private investment in African energy, strategies for unlocking new upstream opportunities and how TotalEnergies is adapting to the continent's long-term energy needs. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
07-02-2025
- Business
- Yahoo
TotalEnergies begins work on next Namibia project
TotalEnergies has moved to the next well in its campaign in Namibia after discovering more oil resources in the Orange Basin. Namibia has become an exploration hotspot over the past few years following significant discoveries including TotalEnergies' Venus-1 well and Shell's Graff-1, La Rona-1 and Jonker-1. Since then, many oil and gas companies have started to engage in drilling activity. TotalEnergies has completed the drilling at Tamboti-1X and is beginning spudding (the very first drilling operation for a newly discovered reservoir) at the Marula-1X exploration in Block 2913B (PEL 56), offshore Namibia. TotalEnergies is the operator of Block 2913B in PEL 56, which covers approximately 8,215km² offshore Namibia, and owns 50.5% of the operation. The joint venture partners are QatarEnergy (30%), Africa Oil's Impact Oil and Gas (9.5%) and Namibia's NAMCOR (10%). Impact Oil & Gas announced the completion of the Tamboti-1X exploration well and the spudding of Marula-1X. Africa Oil president and CEO Roger Tucker said: 'The Venus project is progressing well, and we are very encouraged by the operator's public statements on the commerciality and the quality of this field.' He added that there is "also an exciting exploration programme with Marula-1X operations under way and the plan to start drilling [the] Olympe-1X well by the end of 2025." The drilling operations at Marula-1X are being carried out by a semi-submersible rig owned by Northern Ocean (NOL) and managed by Odfjell Drilling. In other news, TotalEnergies recently dismissed tariff fears by unveiling plans to expand the company's investment in the US liquefied natural gas market over the next decade. "TotalEnergies begins work on next Namibia project " was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
05-02-2025
- Business
- Zawya
Unlocking Africa's Hydrocarbon Potential: Key Exploration Projects to Watch in 2025
Africa's oil and gas industry continues to attract investment as new discoveries and frontier basins drive exploration activity across the continent. In 2025, several high-impact projects will shape the sector, offering opportunities for resource development and economic growth. As the continent's premier oil and gas event, African Energy Week (AEW): Invest in African Energies 2025 will provide critical insights into ongoing and upcoming exploration activities, including high-impact drilling campaigns in Namibia, Angola, Libya and more. With discussions centered on investment, infrastructure and regulatory frameworks, the conference will highlight how these projects can drive economic growth and energy security. TotalEnergies' Venus Appraisal – Namibia Following the massive Venus-1 discovery in 2022, TotalEnergies is intensifying its appraisal efforts in Namibia's Block 2913B. The Venus prospect is believed to contain one of the largest oil accumulations ever found in sub-Saharan Africa. In 2025, additional drilling and well testing will help confirm reserve estimates and guide development planning. If commercial viability is established, Venus could be a game-changer for Namibia, attracting significant investment in infrastructure and production facilities. Azule Energy's Exploration Wells – Angola Azule Energy, a joint venture between bp and Eni, is ramping up exploration efforts in Angola as the country seeks to sustain and expand its oil production. In 2025, the company plans to drill multiple offshore wells across its deepwater blocks, focusing on high-potential prospects in the Lower Congo and Kwanza Basins. With Angola aiming to attract new investment and maintain output amid maturing fields, Azule Energy's drilling campaign is expected to play a crucial role in identifying new reserves and extending the country's production horizon. Success in these wells could reinforce Angola's position as a leading oil producer in Africa while driving further exploration interest in its offshore acreage. Africa Oil Corp.'s Deepwater Activity – Nigeria In 2025, Nigeria's offshore drilling activity will include continued development in key deepwater fields. Africa Oil Corp. is advancing drilling plans at the Akpo and Egina fields, following a successful infill production well at Akpo. Meanwhile, a new seismic acquisition at the Agbami field, completed in late 2024, is being processed ahead of a scheduled drilling campaign in 2026. These efforts aim to enhance production and optimize resource recovery in Nigeria's offshore sector. ReconAfrica's Onshore Drilling – Namibia While offshore exploration dominates headlines, onshore activity in Namibia's Kavango Basin is also drawing attention. Canadian company ReconAfrica is continuing its drilling program in 2025, aiming to prove the existence of a working petroleum system in this frontier basin. Early results have been inconclusive, but new wells could provide the breakthrough needed to confirm hydrocarbon potential. Success here would open up a vast new exploration play, adding to Africa's onshore energy resources. Eni's Sirte Basin Program – Libya Eni remains committed to expanding its upstream operations in Libya. In 2025, the Italian major plans to drill new offshore wells in the Mediterranean, focusing on previously identified prospects with high hydrocarbon potential. The company has confirmed shallow, deepwater and ultra-deep offshore plays and currently has four exploration wells in its 2025 pipeline, including an offshore drilling campaign in the Sirte Basin by the end of the year. 'Oil and gas is the lifeblood of our civilization, therefore exploration is the arteries and veins. We need to continue promoting policies that can fast-track exploration. The African Energy Chamber (AEC) will continue working with governments and the oil companies to attract foreign investment, streamline project implementation, and reduce bureaucratic bottlenecks. We will see results at AEW: Invest in African Energies in Cape Town South with G20 leaders participating for the first time,' stated NJ Ayuk, Executive Chairman, AEC. Distributed by APO Group on behalf of African Energy Chamber.
