Galp expands its exploration interest in São Tomé and Príncipe

Galp informs that it has reached a farm-in agreement with KE STP Company B.V. (Shell affiliate) for a 27.5% stake in Block 4, in São Tomé and Príncipe, forming a joint venture with Shell (30%, Operator), Petrobras (27.5%) and ANP-STP (15%).

With this agreement Galp expands its presence offshore São Tomé and Príncipe, entering an early-stage exploration block through a limited financial commitment. In the country, Galp also holds participations in Blocks 6 (45%, Operator), 11 (20%) and 12 (41.2%, Operator).

PDF 203 KB Galp expands its exploration interest in São Tomé and Príncipe