TotalEnergies (TTE) Signs Exploration Deal, Expands in Africa
TTETotalEnergies(TTE) ZACKS·2024-06-27 21:51

TotalEnergies (TTE) recently announced that it has signed a deal to acquire a 60% interest and operatorship in Block STP02, offshore African island nation Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest in the offshore block is held by Sonangol (30%) and ANP-STP (10%).Block STP02 is located nearly 37.2 miles (60 Km) off the coast of Principe. This block covers an area of 1,918.5 sq miles (4,969 sq km). Block STP02 is located adjacent to th ...