-- TotalEnergies plans to exit its gas discoveries offshore South Africa to prioritize exploration in areas closer to promising discoveries near Namibia, Bloomberg reports, citing unnamed sources.

-- The French energy major intends to give up the license for Block 11B/12B due to doubts about its commercial viability, considering South Africa's limited gas market, Bloomberg reports.

-- TotalEnergies will instead focus on exploring the Orange Basin, situated closer to promising oil discoveries offshore Namibia, Bloomberg reports.

-- The company didn't immediately respond on a request for comment.


Full story: https://tinyurl.com/4wka3jwe


Write to Christian Moess Laursen at christian.moess@wsj.com


(END) Dow Jones Newswires

07-02-24 0932ET