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HYDROCARBON
CONTEXTO
Despite the rising demand for clean energy to address the challenges of climate change, oil continues to be a vital economic pillar in many countries worldwide. In São Tomé Príncipe, the oil potential is significant, as the islands are situated in the Gulf of Guinea, recognized as one of the world's richest oil regions. This, along with government incentives for companies looking to invest in the sector, establishes favorable conditions for tapping into the entire value chain.
Algumas oportunidades de negócios
Award of Oil Blocks
The government's aspirations to join the group of oil-producing countries, along with incentives aimed at attracting investment in the hydrocarbon sector, combined with the proven quality of São Tomé and Príncipe's active oil system and potential of an untapped lucrative sector, make it an attractive option for investment in the Gulf of Guinea compared to neighboring countries. While exploration is still in the prospecting and the production potential of various blocks remains unclear, major global oil companies like Shell, Petrobras, Total, Cosmos, and Oranto have recognized the hydrocarbon potential in São Tomé and Príncipe's Exclusive Economic Zone and are eager to establish their presence through exploration contracts with the government. Nonetheless, the country continues to present investment opportunities with numerous blocks available for sale to companies.
Quality Fuel Supply
Many African nations are recognized globally as major oil producers, yet fuel quality continues to be an issue in several of these countries, including São Tomé and Príncipe. Research conducted by national authorities has found that only one type of is available in the country, characterized by low quality and sulfur levels that pose significant environmental challenges and are unsuitable for modern vehicles. This situation has led to environmental degradation and affected car owners, highlighting the urgent need to enhance fuel quality in São Tomé and Príncipe to meet Euro 3 or 4 standards.
