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.