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[QUOTE="Queen, post: 86832, member: 27"]
Government sign off, stands between a flashy oil deal and actual ownership shifts in Namibia’s offshore patch.

Katti defends the PEL104 deal process
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[*]Knowledge Katti pushed back on chatter about flipping oil licences.
[*]Desert FM had aired concerns from the industry minister.
[*]Katti said the sale agreement still needs government approval.
[*]His comment stressed respect for Namibia’s legal framework.
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Approval gap flagged by ministry
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[*]TotalEnergies and Petrobras signaled plans to grab a PEL104 stake.
[*]The Ministry of Industries, Mines, and Energy said no written clearance was issued.
[*]The Namibian had reported that mismatch last week.
[*]Both companies later clarified that completion hinges on Namibian authorities.
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Ownership breakdown of PEL104
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[*]TotalEnergies is set to take 42.5% and run operations.
[*]Petrobras would hold another 42.5% slice.
[*]National Petroleum Corporation of Namibia would keep 10%.
[*]Eight Offshore would retain a 5% share.
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Katti’s broader offshore interests
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[*]PEL104 sits under Eight Offshore and Maravilla Oil and Gas.
[*]Maravilla Oil and Gas was founded by Katti.
[*]Sintana Energy lists Katti as non executive director.
[*]Through Sintana, he has indirect exposure to PEL83 and PEL37.
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