TotalEnergies EP Namibia B.V. (TEEPNA) and its joint venture partners—Impact Oil & Gas, NAMCOR, and QatarEnergy—plan to drill up to 40 subsea wells on the Venus Field offshore Namibia.
Hydrocarbons will be processed and stored on a Floating Production, Storage, and Offloading (FPSO) vessel.
TEEPNA has applied for an Environmental Clearance Certificate (ECC) to develop Block 2913B and produce light crude oil.
To secure approval, an Environmental and Social Impact Assessment (ESIA) is being conducted by appointed consultants.
The Namibian Ministry of Environment, Forestry and Tourism (MEFT) must issue the ECC before development can proceed.
Project Overview
- Location: 300 km from Oranjemund, 320 km from Lüderitz, and 700 km from Walvis Bay
- Water Depth: ~3,000 meters
- Development Timeline: 5 years post-Final Investment Decision (FID)
- Project Lifespan: Over 20 years
- Oil Export: Transferred to tankers
- Associated Gas: Re-injected into wells
TotalEnergies initially expected to reach an FID by late 2025, but CEO Patrick Pouyanné announced in February that the decision has been pushed to 2026.
The Venus Field, originally projected to produce 160,000 barrels per day (bpd), is now targeting 150,000 bpd, according to revised estimates from the company’s October investor update.
TEEPNA currently holds two exploration licences for Blocks 2912 and 2913B. With its significant resource potential, the Venus Field is poised to become a key player in Namibia’s emerging oil sector.
