*

FID expected 2026 rather than end-2025

*

Production capacity seen at 150,000 barrels per day, down

from

160,000

*

Fellow majors have written down discoveries in country

(Adds earlier FID, higher production estimates from previous

results calls in paragraphs 3-5)

PARIS, Feb 5 - French oil major TotalEnergies expects to

take a final investment decision (FID) on its Namibian offshore

oil discovery in 2026, CEO Patrick Pouyanne said on Wednesday at

a press briefing.

The development would have a production capacity of 150,000

barrels per day, down from an initial 160,000 barrels per day

discussed at its investor day in October.

Pouyanne had previously targeted the end of 2025 for a

decision on FID at a results call last April.

The French oil major has said it is struggling to achieve

breakeven at under $20 per barrel, an internal requirement for

FID.

Promising offshore discoveries in Namibia, which has no oil

and gas production, have been complicated by a high amount of

gas that will make development more expensive.

Last month BP wrote down its Namibian discoveries,

while Chevron ( CVX ) declared its initial findings commercially

unviable.