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 States >>  6/11/2019 - Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced it has reached an agreement for the sale ...
Kazakhstan >>  6/9/2019 - At the 23rd St. Petersburg International Economic Forum, President of LUKOIL Vagit Alekperov and Chairman of the Management Board of KazMunayGaz Alik ...

Russia >>  6/9/2019 - Gazprom and OMV signed at the St. Petersburg International Economic Forum 2019 the Contract on the amendments to the Basic Agreement on Asset Sale. Th...
Norway >>  6/7/2019 - PGNiG Upstream Norway will acquire 22.2 percent of shares in King Lear field – PL146 and PL333 licenses – from Total E&P Norge. The volume of producti...

Russia >>  6/7/2019 - As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK has signed the Share Purchase Agreement (“Agreement”) with CNOOC Ltd. (...
Congo >>  6/6/2019 - New Age (African Global Energy) Limited announces that its subsidiary New Age M12 Holdings Limited has signed a Sale and Purchase Agreement (‘SPA’) wi...

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.