TotalEnergies augments its oil portfolio offshore Namibia through deal with Galp

French energy giant TotalEnergies has shaken hands with Portuguese oil and gas company Galp on a deal that will enable it to enter the PEL 83 license, encompassing an oil discovery off the coast of Namibia, by taking over the operator baton. Galp is getting a minor stake in the French player’s giant black gold discovery as part of this deal.