The consortium of BP and Kosmos Energy have launched environmental impact studies on newly acquired blocks 10 and 13 in Sao Tome and Principe’s Exclusive Economic Zone (EEZ).
The firms have a 28-year exploration and production contract. The first years will focus on seismic studies, followed by development and production if reserves are discovered.
The island nation’s state-run oil company, ANP, controls 15% participation on each block.
Block 10 is located at a water depth of 2,500 meters with an area of 6,839.6 sq km and Block 13 is located at a water depth of 3,000 meters and covers an area of 6,776.9 sq km.
Source: Petroleum Africa