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Sao Tome & Principe starts EEZ 1st Licensing Round

Source: www.gulfoilandgas.com 3/2/2010, Location: Africa

The National Petroleum Agency of Sao Tome and Principe, will launch the EEZ 1st license round at the APPEX conference in London on the 2nd of March 2010. The first license round will contain seven (7) blocks from EEZ zones A & B.

Zone A: Blocks 1, 2, 3 and 6
Zone B: Blocks 7, 8 and 13

Applications will be assessed based on stated evaluation criteria. Successful applicants will be granted a Production Sharing Contract (PSC).

The License Round will close on the 15th September 2010 allowing companies approximately 6 months to formulate their applications.

This website will be updated regularly to contain key information about the licensing system and the availability of technical data.

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