TotalEnergies to operate block offshore Africa with new interest share

June 26, 2024
TotalEnergies agreed to acquire interest in and operatorship of Block STP02, offshore Sao Tome and Principe.

TotalEnergies signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, Africa, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP).

Block STP02 is within an emerging basin 60 km off the coast of Principe and covers an area of 4,969 sq km. The block is adjacent to Block STP01 operated by TotalEnergies (55%) alongside Sonangol (30%) and ANP-STP (15%).

The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%). The transaction is subject to final approvals from relevant authorities.

About the Author

Alex Procyk | Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).