Sao Tome & Principe: TotalEnergies Acquires an Offshore Exploration License
26 Junho 2024 - 9:30AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) 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%). The transaction is subject to final approvals from
relevant authorities.
Located within an emerging basin, 60 km off the coast of
Principe, Block STP02 covers an area of 4,969 km2. Block STP02 is
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.
***
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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company” or “Company” in this document are used to designate
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“we”, “us” and “our” may also be used to refer to these entities or
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that are based on a number of economic data and assumptions made in
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TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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