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).
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.
