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Since the 1800s, the economy of São Tomé and Príncipe has been based on plantation agriculture. At the time of independence, Portuguese -owned plantations occupied 90% of the cultivated area. After independence, control of these plantations passed to various state-owned agricultural enterprises. The dominant crop on São Tomé is cocoa ...
São Tomé and Príncipe, [ a] officially the Democratic Republic of São Tomé and Príncipe, [ b] is an island country in the Gulf of Guinea, off the western equatorial coast of Central Africa. It consists of two archipelagos around the two main islands of São Tomé and Príncipe, about 150 km (93.21 mi) apart and about 250 and 225 km (155 ...
The JDZ was divided into nine blocks, and a licensing round was opened for bids in 2004, which resulted in the award of Block 1 to a consortium made up of Chevron Corporation of the United States (51%), Esso Exploration and Production Nigeria-Sao Tome (One) Ltd. (40%), and Dangote Energy Equity Resources Ltd. (a joint-venture of the Dangote ...
The Niger delta basin is one of the largest subaerial basins in Africa. It has a subaerial area of about 75,000 km 2, a total area of 300,000 km 2, and a sediment fill of 500,000 km 3. [ 1] The sediment fill has a depth between 9–12 km. [ 2] It is composed of several different geologic formations that indicate how this basin could have formed ...
São Tomé and Príncipe does not have any mining, besides small pits to supply local clay, gravel and stone demand. For years, geologists and the country's government suspected that oil might be present offshore, like Bioko in Equatorial Guinea. The government established a National Petroleum Agency in 2004 to license exploration.
Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas.While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware.The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São ...
History of Portuguese São Tomé and Príncipe. The first successful settlement of São Tomé was established in 1493 by Álvaro Caminha, who received the land as a grant from the crown. Príncipe was settled in 1500 under a similar arrangement. Attracting settlers proved difficult, however, and most of the earliest inhabitants were ...
The government of the African island nation of Sao Tome and Principe will ask Portugal to repair the moral damages caused by colonialism, the country's education and cultural minister said on ...