Africa Monitor

Africa Monitor Intelligence

Sao Tome and Principe: EEZ Captures Interest of Oil Companies

Sao Tome and Principe: EEZ Captures Interest of Oil Companies

Interest in the Sao Tome EEZ has been increasing, with ongoing negotiations with other oil companies. Sustaining the approaches is the recent rise in the oil price, but also the positive outlook for the country's potential in terms of natural gas. Kosmos´ drilling plan, which has been giving positive indications, will proceed until 2020. READ MORE