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Article out of STP says drilling in Block 6 is still on for this year. ERHC is mentioned in a historical context.


São Tomé and Príncipe announces the execution of the 1st oil hole for this year, 2021

June 22, 2021

By: Manuel Dénde, journalist at the STP-Press News Agency

São Tomé (São Tomé and Príncipe), 22 Jun. 2021 (STP-Press) – São Tomé and Príncipe will advance this year to the first drilling in the offshore oil block in its Exclusive Economic Zone, EEZ, – announced Osvaldo d' Abreu, Minister of Natural Resources of the Country.

According to the official speaking in an interview with local television, TVS, in the last 72 hours, this is the first exercise of its kind in the country, which should involve the oil companies "Galp" and "Shell" in block 6 of the ZEE of Sao Tome and Principe.

The minister who does not see oil as a solution, but adds that oil could be a means for the authorities to restructure São Tomé's economy and relaunch the country to a sustainable economy in the future, with emphasis on areas such as Agriculture, Tourism and Fisheries .

"The country must be prepared for this challenge, because oil attracts investors and hence our expectations to restructure the country in various areas exploring other types of resources," added the government official.

According to the official, his country will move towards this first hole and hopes that “God will help us and bless São Tomé and Príncipe”.

In the archipelago, according to the minister of Natural Resources, seismic surveys are being carried out in the country's ultra-deep waters and at very slow costs for partners.

It should be remembered that the first attempt to extract hydrocarbons in the country dates back more than ten years ago, which involved the country and the American company “ERHC” encouraged by the late Prime Minister, Raúl Vagner Bragança Neto.

It should be noted that the archipelago of São Tomé and Príncipe, located in the sub-region of Central Africa, is the only country that still does not extract hydrocarbons in this sub-region of the world, while neighbors such as Nigeria, Gabon, Cameroon, Angola and Equatorial Guinea, already extract this resource.


https://www.stp-press.st/2021/06/22/sao-tome-e-principe-anuncia-execucao-do-1o-furo-de-petroleo-para-este-ano-2021/





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