Galp has secured a 27.5% stake in São Tomé and Príncipe's Block 4 through a joint venture with Shell and Petrobras, enhancing its offshore operations in a promising hydrocarbon region.
Target Information
Galp has entered into a farm-in agreement with KE STP Company B.V., a Shell affiliate, to acquire a 27.5% stake in Block 4 of São Tomé and Príncipe. This partnership will create a joint venture alongside Shell, which holds a 30% interest as the operator, Petrobras with 27.5%, and ANP-STP with 15%.
With this deal, Galp enhances its offshore presence in São Tomé, entering a new exploration block at an early stage with limited financial commitment, thus solidifying its pioneering role in the development of this exploratory region.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in São Tomé and Príncipe
São Tomé and Príncipe is emerging as a significant player in the offshore oil and gas industry, located in the Gulf of Guinea, where there is a growing interest from int
Similar Deals
Mitsubishi Electric Corporation → HD Renewable Energy Co., Ltd.
2025
Galp
invested in
Bloco 4 de São Tomé e Príncipe
in 2022
in a Joint Venture deal