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São
Tomé e Príncipe
Exclusive Economic Zone (EEZ) 1st
License Round closed 15th November 2010
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| São Tomé and Príncipe are volcanic islands
lying in the Atlantic Ocean approx. 200 km south of the Nigerian coast.
Their territorial waters are large, encompassing fairly deep waters but
with a sediment cover that is unusually thick for such oceanic regions.
This thick sediment cover represents the distal prodeltaic sediments of
the Cretaceous Ogooué Delta of Gabon and the Niger Delta, the main
sediment outlet during the Tertiary. |
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Four companies submitted bids in the 1st
License Round
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AFEX
GLOBAL ( Block 2) |
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O.G.ENGINEERING,SA
(Blocks 3, 2,1) |
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ORANTO
PETROLEUM (Blocks 3,6) |
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OVERT
ENERGY Blocks (6, 3) |
Following the
evaluation of all the applications submitted, including the necessary due
diligence undertaken by the authorities, the Government of SaoTome and
Principe awarded Block 3 to ORANTO PETROLEUM. |
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