(AOF) – TotalEnergies has signed an agreement for the acquisition from the Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP) of a 60% stake with operator status on the offshore block STP02 . The remaining 40% will be retained by the current permit holders, Sonangol (30%) and ANP-STP (10%). This transaction is subject to final approval by the relevant authorities.
Located in an emerging basin, 60 km off the coast of Príncipe, block STP02 covers an area of 4,969 km2. It adjoins block STP01, operated by TotalEnergies (55%) alongside Sonangol (30%) and ANP-STP (15%).
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Biogas to green activities
Obtained through the decomposition of waste, it falls into the category of green energy. It is part of the strategy of many countries, particularly in Europe, to reduce their dependence on hydrocarbon imports. Oil groups have strong ambitions in the field, as two recent operations reveal. The British BP took over the American Archaea Energy for 4.1 billion dollars. Then, the Anglo-Dutch Shell announced the acquisition of the Danish Nature Energy for $2 billion. These operations display high valuation levels, highlighting the strong potential of the sector. TotalEnergies had already taken a stake in the American Clean Energy Fuels Corp in 2018, of which it now holds 19%. It recently joined forces with Veolia to recover biomethane from waste treatment facilities.