TotalEnergies to exit gas discoveries offshore South Africa to focus on Namibian exploration(Bloomberg) – TotalEnergies SE plans to exit its discoveries of gas-condensate offshore South Africa to prioritize exploration in other areas closer to Namibia, according to people familiar with the matter. The company will concentrate instead on exploring the Orange basin, located further north on the Atlantic coast of South Africa near promising offshore oil discoveries in Namibian waters, the people said. An exit from the discoveries would be a blow to South Africa, which lacks domestic sources of oil and gas. CNR International (South Africa) Ltd. has given notice that it will withdraw from its 20% interest in the discoveries, according to the statement. South Africa has struggled to bring oil and gas developments onstream in a timely manner amid legislative uncertainty.
