The Venus oil project in Namibia needs a decision before 2027, TotalEnergies says, warning contractor tenders will expire or cost more to extend.
NAMIBIA · ENERGY
Key Facts
—The deadline: TotalEnergies says a final investment decision on Venus must be taken before 2027.
—Technically ready: Engineering work is complete and the field development plan is finished, according to the company.
—The pressure point: Contractor tenders for vessels and subsea work carry validity periods and can expire, or be extended only at a cost.
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