TotalEnergies is increasing its global exploration efforts and spends around US$1 billion every year on new energy projects.
New offshore oil finds are placing Namibia among the most promising emerging oil and gas regions in the world. Senior Vice President for Africa, Mike Sangster, said the company’s success depends on more than funding, stressing the importance of trust, strong partnerships, and long-term commitment.
Speaking at the Namibia International Energy Conference in Windhoek, Sangster said governments, companies, and communities need to work closely together for major energy projects to succeed.
He said large projects take time and rely on trust between all parties involved. He added that open communication has supported TotalEnergies’ work in Namibia since 2017. The company continues to view Africa as a central part of its long-term energy strategy.
TotalEnergies continues to invest across Africa in exploration and production activities.
He pointed to ongoing projects in Uganda, where large-scale oil developments are in progress.
In Namibia, the company is involved in the offshore Venus oil discovery. The project could turn the country into a major oil producer. Sangster said the development is complex but could drive economic growth, create jobs, and increase government revenue.
He also said the company is running training programs to prepare local people for roles in the energy sector.
TotalEnergies expects to make a final investment decision on its Namibia projects by mid-2026.
If approved, development work could begin soon after.
Sangster said projects must remain competitive and fair, with clear rules that allow both investors and local communities to benefit.
He described this stage as the start of an important new phase.
Separately, TotalEnergies reported that its production remained stable in the first quarter despite disruptions caused by conflict in the Middle East. The conflict followed US and Israeli strikes on Iran at the end of February and pushed energy prices higher after shipping routes through the Strait of Hormuz were affected, disrupting a large share of global oil and LNG flows.
The company said it lost about 15 percent of its production due to the disruption but offset this by starting new output in Brazil and Libya. It also increased LNG production by 10 percent compared with the previous quarter of 2025.
source:www.pressreader.com
African Energy Council