Custos Energy Welcomes TotalEnergies as Operator of PEL83
Custos Energy (Pty) Ltd. (“Custos” or the “Company”) is pleased to announce the completion of a transaction whereby TotalEnergies has acquired a 40% operated interest in the PEL83 license, encompassing the significant Mopane discoveries in Namibia’s Orange Basin.
Key Details:
- Partners in PEL83:
- TotalEnergies: 40% (Operator)
- Galp: 40%
- Namcor: 10%
- Custos Energy: 10%
Custos retains its 10% interest in the license and is eager to collaborate with its partners and the Namibian government to advance the Mopane discovery towards production.
Statement from Custos Energy
Knowledge Katti, Chairman and CEO of Custos Energy, expressed enthusiasm about TotalEnergies taking the lead on PEL83, stating, “We see Mopane as more than just a resource; it’s a platform for creating lasting value for Namibians. Our goal is to empower Namibia’s youth through opportunities in this emerging industry.”
Custos Energy is dedicated to ensuring that Namibia’s Orange Basin development provides broad-based benefits while promoting local capacity and opportunities for the next generation.
About Custos Energy
Custos is a Namibian independent oil and gas exploration company, established over a decade ago. The company was founded by Mr. Knowledge Katti and focuses on attracting investment and expertise to the Namibian offshore industry.
Media Contact:
- Jonathan Paterson
- Phone: +1 475 477 9401
- Email: Jonathan@harbor-access.com
For more information, visit the full press release.
