Sao Tome and Principe
BP boss Bernard Looney puts withdrawal plan into execution
As we predicted, BP is to withdraw from Sao Tomé and Principe.
A new court decision in the French major's favour has helped confirm Total's hold on block 4.
The epic legal battle between oil firms Kosmos Energy and ERHC over Sao Tome and Principe's highly-promising offshore block 4 has met with another set of twists and turns. Africa Energy Intelligence has drawn up an exclusive account of the [.
The major has been in talks with the authorities for several weeks to pick up blocks, including concessions on which other companies had call options.
ERHC has picked out its defence squad to put its best foot forward during the arbitral process launched by former partner Kosmos Energy.
After basking in a first wave of interest from foreign firms when the country created the joint development zone with [...]
Kosmos Energy CEO, Andrew Inglis, is refusing to stand aside and let his company be left behind in the talks over Sao Tome & Principe's most interesting offshore block of which junior ERHC holds the rights.