-- 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