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São Tomé and Príncipe launches public tender for oil prospecting
Update time: 2017-10-06 00:00:00 [Large  Small]

【 Sao Tome and Principe 】

São Tomé and Príncipe’s National Petroleum Agency (ANP) has launched a public tender to receive expressions of interest in oil prospecting blocks 10 and 13 of the Exclusive Economic Zone, according to an official statement.

The decision to launch a tender was based on the interest shown by the consortium made up of US company Kosmos Energy and BP to prospect in those two blocks, “under the framework law of oil operations,” said the chief executive of the ANP, Orlando Sousa Pontes, in a statement sent to Macauhub in São Tomé.

“The National Petroleum Agency, following the request submitted by the British Petroleum and Kosmos Energy consortium, invites companies or consortia eligible to express their interest in the areas corresponding to blocks 10 and 13 of the São Tomé and Príncipe Exclusive Economic Zone, under the terms of the framework law on oil operations,” the statement said.

This joint interest comes four weeks after oil company Kosmos Energy announced the completion of seismic research in four oil blocks – 5, 6, 11 and 12 – of the São Tomé and Príncipe EEZ under a production sharing agreement.

In addition to the exclusive area, São Tomé and Principe also has another joint area shared with Nigeria based on a treaty signed in 2001 establishing 60% of revenues for the Nigerian state and the remaining 40% for the São Tomé archipelago. (macauhub)


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