US and Portuguese companies search for oil in Sao Tome and Principe in 2017

US company Kosmos Energy and Portugal’s Galp Energia in January 2017 are due to carry out seismic surveys in three oil blocks in the Exclusive Economic Zone (EEZ) of Sao Tome and Principe, announced Wednesday the director of the country’s National Oil Agency.

Orlando Sousa Pontes made this announcement during the public presentation ceremony of an environmental impact study prepared jointly by Kosmos Energy, the operator of blocks 11 and 12 of the Sao Tome EEZ and Galp Energia, the operator of block 6 in the same area.

“The 3D seismic survey of blocks 6, 11 and 12 is expected to begin in early January 2017 and to take six months,” said Sousa Pontes, who added the area covered by the operation totalled ​​12,799 square kilometres.

The announcement of the start of the seismic survey comes six days after Kosmos Energy acquired 65 percent of the rights Nigeria’a Equator Exploration held in block 12 of the Exclusive Economic Zone of Sao Tome and Principe, where Galp operates block 6 in partnership with Kosmos itself.

In addition to the exclusive area, Sao Tome and Principe also has a joint exploration zone with Nigeria, under a political agreement signed in February 2011 establishing a 60/40 division of revenues to Nigeria and Sao Tome, respectively. (macauhub/PT/ST)

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