São Tomé & Príncipe São Tomé & Príncipe Exclusive ... - PGS

Exclusive Economic Zone
Overview
PGS has entered into an
exclusive agreement with the
Government of São Tomé and
Príncipe ("STP”) to assist in the
promotion of the offshore
acreage. PGS will also assist
the STP Government with
marketing the exploration
opportunities and prospectivity
of the São Tomé and Príncipe
offshore to the international oil
industry. To this end, PGS has
acquired high quality 2D and 3D
seismic data which is now
available for licensing.
Ubabudo 1 Well Section (drilled onshore São Tomé)
Geological Setting
São Tomé and Príncipe are
volcanic islands lying in the
Atlantic Ocean approx. 200 km
south of the Nigerian coast.
Their territorial waters are large,
encompassing fairly deep
waters but with a sediment
cover that is unusually thick for
such oceanic regions. This thick
sediment cover represents the
distal prodeltaic sediments of
the Cretaceous Ogooué Delta of
Gabon and the Niger Delta, the
main sediment outlet during the
Tertiary.
Regional Tectonic Elements
Oil Seep at Ubabudo 1 well location (onshore São Tomé)
2D Seismic shows thick sedimentary section and structuring
associated with the Fernando Po Fracture Zone
A Clearer Image
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