Gulf Oil and Gas accountACCOUNT

ANP-STP Awards Block 3 to Oranto Petroleum

Source: www.gulfoilandgas.com 5/4/2011, Location: Africa

In the light of the First Licensing Round and following the evaluation of all the applications submitted, including the necessary due diligence undertaken by the authorities. The National Petroleum Agency (Agencia Nacional do Petróleo, ANP-STP) informs the public that the Government of SaoTome and Principe has awarded Block 3 to the Oranto Petrloeum.

This Block covers an area of 4,228 km2 and is situated in zone A of the Exclusive Economic Zone.

Oranto Petrloeum is an independent Nigerian company with operations since 1991 and the company is an active operator in fourteen Blocks in West Africa and Gulf of Guinea.

Within the framework of Petroleum Legislation in place, a Production Sharing Contract will be negotiated and carried out for the explorations activities on such block.

Acquisitions and Divestitures News in Sao Tome and Principe >>

United Arab Emirates >>  4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agree...
United Kingdom >>  4/18/2019 - Angus Energy is pleased to inform investors that, further to its announcement of 26 February 2019, the Company has now completed the acquisition of Do...

Argentina >>  4/17/2019 - Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. ...
Argentina >>  4/16/2019 - Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. ...

Morocco >>  4/16/2019 - Sound Energy, the Moroccan focused upstream gas company, is pleased to announce that the process to convert Schlumberger's existing 27.5% interest in ...
Russia >>  4/16/2019 - Gazprom Neft subsidiary Gazpromneft-Zapolyarye has concluded long-term risk-based operator agreements with Gazprom PJSC subsidiaries, allowing the com...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Sao Tome and Principe Oil & Gas 1 >> 

Oil & Gas Projects in Sao Tome and Principe >>

More News

Related Links

AO BJ BW CD CG CI CM DJ DZ EG EH ET GA GF GH GM GN GQ GW KE LR LY MA MG ML MR MW MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.