GALP: Galp and TotalEnergies partner to jointly develop Namibian oil assets, sharing risk and upside
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A strategic partnership was formed to accelerate development of key Namibian oil assets, with Galp and TotalEnergies exchanging interests and sharing investment risk. The deal includes a significant CapEx carry, aligns both parties on development pace, and supports long-term growth in the basin.
Based on Galp Energia, SGPS S.A. Class B [GALP] Partnership Audio Transcript — Dec. 9 2025
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