10 December 2025
10 December 2025
TotalEnergies will acquire a 40% operated interest in PEL83, which includes the Mopane oil discovery in Namibia's Orange Basin.
The transaction, valued at $148m (£111.14m), is expected to be immediately cash-generative for Kistos.
Drilling at the Konta-1 well revealed estimated gas reserves of 600bcf, with the potential to exceed 1tcf.
McDermott will deliver EPCIC services for a subsea production system under the contract.
The contract marks MISC’s entry into Brunei’s offshore oil and gas sector.
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