TotalEnergies to acquire 60% stake in Sao Tome and Principe asset

SE is acquiring a 60 percent interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé .

Located within an emerging basin, 37.3 miles off the coast of Principe, Block STP02 covers an area of 1,918 square miles . Block STP02 is adjacent to the Block STP01 licence operated by TotalEnergies with a 55 per cent stake, alongside Sonangol with 30 per cent and ANP-STP with 15 per cent. Meanwhile, TotalEnergies, as shareholder of Offshore Wind One GmbH, was awarded the maritime concession N-11.2 by the German Federal Network Agency, after auctions held in the country.Located in the North Sea, around 74.6 miles northwest of the German island of Heligoland, concession N-11.2 covers an area of approximately 60.2 square miles . This success will enable TotalEnergies to build a 3.

“This marks a new step for the deployment of TotalEnergies Integrated Power strategy in Germany after the acquisition of Quadra Energy, one of the top three aggregators of renewable electricity production and of Kyon Energy, a prominent developer of battery storage solutions. TotalEnergies is also very pleased to contribute to Germany’s decarbonization targets,” Michel added.

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