Norway plans to increase cooperation in the oil sector with Sao Tome and Principe, particularly in the areas of technical assistance and staff training, the new Norwegian ambassador to the archipelago said Wednesday.
Ingrid Ofstad made the statement after presenting her credentials to President Manuel Pinto da Costa at an official ceremony in Sao Tome and Principe.
The diplomats aid that “Norway wants to continue to cooperate with Sao Tome and Principe in the oil sector,” and noted that the Norwegian state “will continue to provide assistance and train staff from Sao Tome.”
Norway, via the Petroleum Geo-Service, PGS, in 2007 announced that there was oil and gas in the Sao Tome and Principe Exclusive Economic Zone (EEZ) following seismic surveys carried out under the terms of an agreement signed by the two countries in 2001.
As well as the technical assistance provided by PGS in the auction of blocks launched in 2008 for the EEZ, Norway has funded training of Sao Tome staff and participation of Sao tome and Principe in the Extractive Industries Transparency Initiative (EITI).
As well as the EEZ, Sao Tome and Principe also has a joint offshore area with Nigeria that is the subject of a treaty stipulating that oil revenues will be split 60/40 between Nigeria and Sao Tome and Principe. (macauhub/ST)