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Exclusive Economic Zone of Sao Tome and Principe will produce oil, ensures director of ANP

Sao Tome August 20. 2015 (STP-Press) - Sao Tome and Principe may prove to extract first barrel of oil in the Exclusive Economic Zone in 2019 or in 2020, said today Wednesday, the Executive Director of the National Petroleum Agency (ANP) African archipelago, He revealed to public radio in the country, citing the Executive Director of the National Petroleum Agency.

"Probably in 2019 or 2020, our country can begin to extract oil," he admitted, arguing that seismic data resulting from research in two and three dimensions made this year in block two and three last year are conclusive analysis.

Orlando Bridges who spoke this morning to Public Radio of Sao Tome archipelago, said that the first hole in the same area is scheduled for 2017.

He assured that soon the people of the country will begin to benefit from the '' oil counterparts, particularly in their social component ''.

In addition to gathering several oil blocks in the Exclusive Economic Zone, Sao Tome and Principe, a former Portuguese colony has in partnership with Nigeria a treaty 45 years for oil in the border area between the two neighboring countries.


http://www.stp-press.st/01125.htm




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