TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the National Petroleum Agency of Sao Tome and Principe (ANP-STP).
According to the agreement, Sonangol will hold 30% and ANP-STP will hold 10%. The transaction is subject to final approvals from relevant authorities.
Located within an emerging basin, 60 km offshore Principe, Block STP02 covers an area of 4,969 km2. It also lies adjacent to the Block STP01 license operated by TotalEnergies (55%) alongside Sonangol (30%) and ANP-STP (15%).
“Following the encouraging prospectivity interpreted on the 3D seismic data on adjacent Block STP01, TotalEnergies continues to progress its exploration effort in Sao Tome and Principe, by entering this promising license, thereby maintaining the optionality of the Company’s portfolio”, said Kevin McLachlan, Senior Vice-President Exploration of TotalEnergies.
