French multinational TotalEnergies will acquire a 60% stake and operatorship of Block STP02 offshore São Tomé and Príncipe from the country’s National Petroleum Agency (ANP-STP).
Angolan national oil company Sonangol will hold a 30% stake, while ANP-STP retains the remaining 10%.
Spanning 4,969 km2, Block STP02 is located 60 km offshore and adjacent to Block STP01, also operated by TotalEnergies (55%), alongside partners 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 São Tomé and Príncipe, by entering this promising license…” said Senior Vice President of Exploration at TotalEnergies, Kevin McLachlan.
