oil & gas assets
Drilling Prospects & Ventures

SAO TOME & PRINCIPE EEZ BLOCK 3 ACTIVE DEAL

Drilling Prospects & Ventures
* All Standard Disclaimers Apply & Seller Rights Retained

Region West Africa
Country Sao Tome & Principe
Posted10-Mar-17
Confirmed14-Jan-20

Owner

Oranto Petroleum Ltd

Contact

Simco Petroleum Management Ltd
1C Barnes High Street
LONDON SW13 9LB
United Kingdom
Phone: +44-20-8878-0212
 

SAO TOME & PRINCIPE PROJECT

1-Block. 4,200 sq km.
EXCLUSIVE ECONOMIC ZONE
Multiple Leads Identified.
Water Depths: 2,250m to 2,470m.
High Quality 2D & Proprietary 3D Seismic.
EQUITY & OPERATORSHIP AVAILABLE
SEEKING JOINT VENTURE PARTNER
CALL AGENT FOR STATUS UPDATE
DV 2890FO

Offshore Land Base
Conventional Play Type

Deal Summary

PLS understands that Oranto has hired Simco Petroleum Management to help find a partner for its Sao Tome & Principe EEZ block 3.

Oranto Petroleum-STP Limitada owns a 100% working interest in Block 3 of the Sao Tome & Principe Exclusive Economic Zone (EEZ). The block covers an area of over 4200 km2 in water depths ranging from 2250m to 2470m.

The work program for the current phase of the licence has been completed and a drill or drop decision is required by January 2018. Geologically the block is in the distal part of the Rio Muni basin with sediment input from the Equatorial Guinea and Gabonese Continental Margin. Initial interpretation of the 1560 km2 of proprietary 3D and the block wide high quality 2D seismic data has resulted in a number of leads in the Miocene and Upper Cretaceous sections that need further study to progress to drill ready status.

Oranto is looking for a partner or partners to earn a significant equity position and operatorship in this licence by carrying Oranto through the exploration phase.

Company Background

The Nigerian multi-millionaire Prince Arthur Eze owns Oranto Petroleum.
Oranto Petroleum operates as a subsidiary of Atlas Petroleum International Ltd. They have acreage in Nigeria, Equatorial Guinea, Cote D’Ivorie, Sierra Leone, Liberia, Ghana, Mali, Senegal, Benin, Gambia

Oranto Petroleum Ltd. provides oil and gas exploration and production services. The company operates OPL 320, OPL 293, CI-205, CI-206, LB-12, and Sao Tome oil bloc. The company is based in Nigeria.

Agent Background

Simco was established in 1996 in London, England, a global oil industry capital.

Simco is an independent advisory company offering support and management services to the upstream oil and gas industry in relation to their exploration and production activities.

Simco represents client oil and gas companies in asset transactions (acting in either a vendor or purchaser capacity in their disposal or acquisition of licenses and permits), provides support services for the management of oil and gas licenses and assists clients in the formulation and execution of business strategies to establish and grow license portfolios.

Simco also provides independent business evaluations and produces valuation reports including Competent Persons Reports (CPR) for the requirements of the investment community.

Simco's skills-base of in-depth technical knowledge - geology, geophysics and petroleum engineering - is combined with its deal-making and financial.

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.