Friday, May 06, 2011
The National Petroleum Agency of Sao Tome and Prin
In the light of the First Licensing Round and following the evaluation of all applications submitted, including the necessary due diligence undertaken by the authorities The National Petroleum Agency (Agencia Nacional do Petroleo, ANP-STP) informs the public that the Government of Sao Tome and Principe has awarded Block 3 to the Oranto Petroleum.
The block covers an area of 4,228 square kilometers and is situated in zone A of the Exclusive Economic Zone.
Oranto is an independent Nigerian company with operations since 1991. 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 exploration activities on the block.
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