OMV CEO Alfred Stern said: "This agreement streamlines our energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time. Furthermore, this divestment will help OMV crystalize value and redeploy capital for new strategic projects." The completion of this transaction is contingent upon customary closing conditions, including the receipt of necessary regulatory approvals. It is expected to close at the end of the first half of 2024. This acquisition follows TotalEnergies' recent expansion in the Namibian offshore sector, where the company increased its stakes in two blocks, 2913B and 2912. Published: 01-02-2024