In 2015, Galp reached an agreement with the Government of São Tomé and Príncipe and Kosmos Energy for the award of Block 6, offshore São Tomé and Príncipe. Block 6 is located in the country’s Exclusive Economic Zone in water depths of up to 2,500 m and covers an area of 5,024 km2.
Galp is the operator in Block 6, with a 45% stake, together with Kosmos Energy and the National Petroleum Agency (ANP), on behalf of the government, with a 45% and 10% stake, respectively.
The Block 6 is located in an underexplored area but with high potential, as it is close to proven oil provinces.
In November 2016, a Galp acquired a 20% participation in blocks 5, 11 and 12 to Kosmos Energy (Kosmos), which is the operator of those areas.
In block 5, the consortium also includes Kosmos, with a stake of 45%, together with Equator, with 20%, and ANP, with 15%. In block 11, Kosmos operates with a participating interest of 65%, with ANP holding the remaining 15%. Concerning block 12, Kosmos holds 45% while Equator and ANP hold, respectively, 22.5% e 12.5%.
In 2017, 3D seismic acquisition started covering all blocks in an area of 16 mil km2.