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).
![](https://ocean-energyresources.com/wp-content/uploads/2024/06/total-1.jpg.pagespeed.ce.ozjFf2bJ9o.jpg)
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.