Portugal’s Galp Energia begins contacts to form oil exploration consortium in Sao Tome and Principe

8 March 2010

Sao Tome, Sao Tome and Principe, 8 Mar – Portugal’s Galp Energia has begun contacts with the government of Sao Tome and Principe to form a consortium for oil exploration in the island country’s economic exclusion zone, a company official stated on Saturday in Sao Tome.

A Galp Energia delegation arrived in Sao Tome on Friday to make “the first contacts” with local authorities and companies. The head of the exploration sector, Luis dos Anjos, told Portuguese news agency Lusa that a first work meeting was held on that day at the government headquarters.

“That was our first meeting. We’re now going to have more technical meetings, to deal with more specific issues,” dos Anjos said, stressing that this was “effectively the first step” towards an agreement to form a consortium for oil exploration in the economic exclusion zone of Sao Tome and Principe, which also involves the Angolan oil company Sonangol.

The Galp Energia delegation will remain in Sao Tome for a week to gather “the information we want and need in order to work,” he added.