TTE - TotalEnergies Drills Deeper into Africa Secures Stake In Promising São Tomé Block | Benzinga
TotalEnergies SE (NYSE:TTE) shares are trading lower on Wednesday.
The company inked an agreement to acquire a 60% stake and operational control of Block STP02 from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP).
Meanwhile, Sonangol (30%) and ANP-STP (10%) will retain their respective interests in Block STP02.
Block STP02 spans 4,969 km and is situated in a developing basin approximately 60 km ...