Norwegian company Petroleum Geo-Services (PGS) plans to open an office in Sao Tome in order to provide services to companies prospecting for oil in the archipelago’s region, said Dan Wheling, the company’s director for Africa and Europe.

Speaking to pan-African news agency Panapress, Wheling said that opening the office in Sao Tome was also intended to attract more oil companies to the region, as well as those that are already prospecting for oil and gas in the Nigeria-Sao Tome Joint Development Zone (JDZ) and the archipelago’s Exclusive Economic Zone (EEZ).

At the end of a meeting held Tuesday at the People’s Palace with Sao Tome’s Prime Minister, Patrice Trovoada, the company director said that opening the office would allow Sao Tome to take advantage of the most recent technologies in the oil industry.

Petroleum Geo-Services, which was founded in 1991 and is currently present in 25 countries, sells a wide range of oil industry services such as collecting seismic and electromagnetic data and its processing and analysis. (macauhub)