President Netumbo Nandi-Ndaitwah has been briefed on progress at TotalEnergies’ Venus oil project as the company moves towards a potential final investment decision (FID) as early as July 2026.
The President, accompanied by Vice President Lucia Witbooi and a senior government delegation, met a high-level TotalEnergies delegation led by Senior Vice President for Africa Mike Sangster on Thursday.
Sangster outlined the status of the company’s offshore operations in Namibia, including developments at the Venus field, and provided an update on TotalEnergies’ broader strategic plans in the country.
He commended the Namibian Government for creating a more predictable operating environment, saying recent efforts to improve the ease of doing business have strengthened investor confidence.
The engagement comes as TotalEnergies advances towards a near-term investment decision on the Venus development, one of Namibia’s most significant offshore discoveries.
TotalEnergies Namibia Managing Director and Country Chair Mariam Kane-Garcia said at the Namibia International Energy Conference that the company is progressing towards FID, subject to the completion of key technical and regulatory processes.
The Venus field, located in Block 2913B, lies approximately 300 kilometres off Oranjemund and 320 kilometres from Lüderitz, in water depths of around 3,000 metres. The project follows the discovery and appraisal of hydrocarbons in 2022.
The development is being advanced by a joint venture led by TotalEnergies, which holds a 45.25% stake, alongside QatarEnergy (35.25%), Impact Oil and Gas (9.5%) and the National Petroleum Corporation of Namibia (NAMCOR) with 10%.
