AGP Executive Report
Last update: 10 hours agoOffshore Oil Licensing: São Tomé and Príncipe has rejected all bids in its latest exploration licensing round for ultra-deepwater blocks 7, 8 and 9, saying offers lacked the operator diversity it wants; only Petrobras and Oranto submitted bids, and the regulator will now focus on already-awarded blocks before opening new acreage. Energy Sector Modernisation: TECMON Energy wrapped up a working visit to São Tomé and Príncipe to support stabilisation and modernisation of the national electricity sector, covering the full power chain from generation and fuel supply to transmission, distribution, metering, payment systems and revenue protection. Petrobras Expansion: Petrobras completed its acquisition of operatorship and a 75% stake in offshore Block 3 in São Tomé and Príncipe, partnering with Oranto (15%) and the National Petroleum Agency (10%) as it targets reserve replenishment through frontier exploration.
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