TotalEnergies has indicated that the Venus oil project is expected to commence by mid-year, and is currently in the technical development phase.

The Vice President of TotalEnergies, Mike Sangster, made the announcement when he paid a courtesy visit to President Netumbo Nandi-Ndaitwah at state house.

TotalEnergies says its planned investment of about N$10 billion in oil exploration activities offshore Namibia complements the government's efforts in developing the sector.