TotalEnergies SE (NYSE:TTE) on Friday announced that the company has signed agreements to acquire a 42.5% operated interest in PEL104 Exploration license, located offshore Namibia, from Eight Offshore Investments Holdings and Maravilla Oil & Gas.

The PEL104 block is located in the Lüderitz Basin and spans roughly 11,000 square kilometers offshore Namibia.

Once the deal closes, TotalEnergies will operate the license with a 42.5% interest, alongside Petrobras (NYSE:PBR) with 42.5%, Namcor with 10%, and Eight retaining 5%.

“After the acquisition in December of a 40% operated interest in PEL83 license, ...