The Prime Minister Mr Rafael Branco opened the EEZ 1st license round on the 2nd of March
2010 at a special ceremony in Sao Tome and by video to the International
Oil Companies at the APPEX conference in
London on the same day.
A presentation
to the conference outlined that the 1st license round contains seven (7)
blocks within EEZ zones A & B.
Zone A: Blocks 1, 2, 3 and 6
Zone B: Blocks 7, 8 and 13
Applications will be assessed based on stated evaluation criteria.
Successful applicants will be granted a Production Sharing Contract (PSC).
The License Round will close on the 15th September
2010 allowing companies approximately 6 months to formulate their
applications.
This website will be updated regularly to contain key information about the licensing
system and the availability of technical data.
Luís
Prazeres
Executive Director