TotalEnergies: agreement to acquire 60% of an offshore block

(CercleFinance.com) - TotalEnergies has signed an agreement to acquire a 60% interest with operator status in the STP02 offshore block from Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP).


The remaining 40% will be retained by the current license holders, Sonangol (30%) and ANP-STP (10%). This transaction is subject to final approval by the relevant authorities.

TotalEnergies is continuing its exploration efforts in São Tomé and Príncipe by entering this promising license, thereby maintaining the optionality of the Company's portfolio, it said.


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