KEYFACT Energy
TotalEnergies is targeting a final investment decision (FID) on its Venus oil development offshore Namibia as early as July 2026.
Speaking at the Namibia International Energy Conference (NIEC) 2026, TotalEnergies Namibia Managing Director and Country Chair Mariam Kane-Garcia said the company is progressing towards a near-term investment decision, subject to the completion of key technical and regulatory processes.
She said the Venus development, located in Block 2913B, represents a major step in unlocking Namibia’s offshore resources and is being advanced in close coordination with government and industry partners.
“We are working to be in a position to take the Venus final investment decision around July as we finalise the required processes,” Kane-Garcia said.
KeyFacts Energy: TotalEnergies Namibia country profile
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