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TotalEnergies nets exploration license Sao Tome and Principe

Friday, June 28 2024

Fossil Energy – Exploration License

TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP).

TotalEnergies-Operated Blocks Offshroe Sao Tome and Principe (Credit: TotalEnergies).

The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%).

Located within an emerging basin, 60 km off the coast of Principe, Block STP02 covers an area of 4,969 km2.

The transaction is subject to final approvals from relevant authorities.

Related posts:

  1. TotalEnergies increases interests in offshore blocks 2913B and 2912
  2. TotalEnergies acquires 50% of Malaysian gas producer SapuraOMV
  3. Proposed acquisition of Neptune Energy by Eni and Vår Energi
  4. Norwegian firm agrees to buy five Vroon offshore vessels

Filed Under: Acquisition, International News, TotalEnergies Tagged With: acquisition, Principe, Sao Tome, TotalEnergies

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