TotalEnergies-adds-to-Sao-Tome-and-Principe-acreage

TotalEnergies adds to São Tomé and Príncipe acreage

São Tomé and Príncipe

SãO TOMé, June 27, 2024 – TotalEnergies has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore São Tomé and Príncipe, from the Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP), the French super-major announced on Wednesday.

Block STP02 is located around 60 kilometres offshore Príncipe and covers an area of approximately 4,969 square kilometres adjacent to the Block STP01 licence already 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 São Tomé and Príncipe, by entering this promising licence, thereby maintaining the optionality of the Company’s portfolio”, said Kevin McLachlan, senior vice-president of exploration of TotalEnergies.

The transaction is subject to final approvals from relevant authorities. Once finalised, the existing licence holders in Block STP02, Sonangol and ANP-STP, will continue to hold interests of 30% and 10%, respectively.