Sao Tome and Principe’s National Oil Agency (ANP) has approved the applications of four foreign companies interested in oil exploration in two offshore blocks in the archipelago’s sea, the ANP said in a statement issued Monday.
According to the statement sent to Macauhub in Sao tome, Portuguese oil company Petróleos de Portugal (Petrogal) and New World Oil and Gas are competing for both blocks – 1 and 6 – and Blue Skies World Group is competing for just block 1 and London Global Energy for block 6.
“The result of analysing manifestations of interest will be announced soon,” said the ANP statement, which came five days after the application deadline for the two blocks put up for auction in January.
The decision to auction off the blocks was made just over a month ago by the Council of Ministers of Sao Tome and Principe after interest was initially shown by London Global Energy and the Blue Skies World group.
As well as its EEZ Sao Tome and Principe also has a joint oil exploration area with Nigeria, based on a political treaty signed in 2001. (macauhub)