TotalEnergies nets exploration license Sao Tome and Principe
Energy Disrupter
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.
Original Source: https://ocean-energyresources.com/2024/06/28/totalenergies-nets-exploration-license-sao-tome-and-principe/
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