US EditionGalp Strengthens the Presence of Oil Exploration in São Tomé and Príncipe
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With this operation, known in the sector as a "farm-in" agreement - which consists of the purchase of some of the exploration rights held by another company -, it is to be formed a consortium composed of Shell (30%, operator), Galp (27.5%), Petrobras (27.5%) and the National Petroleum Agency of São Tomé and Principe (15%), reported the Portuguese petroleum in communication. Galp has been present in São Tomé since 2015, having carried out extensi…
The oil will make it Portuguese to have a participation of 27.5% in Block 4, in S Tom and Pr cipe, while Shell, project operator, 30%, Petrobras 27.5% and APP-STP 15%.
The Petrobras and Galp oil Shell gave a part of their participation in the exploration held in São Tomé and Príncipe, from block 4, announced the executive director of the National Petroleum Agency of that country, Álvaro Silva
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