Africa: Nigeria, Sao Tome Reignite Oil Exploration Drive On Abandoned Coastal Acreage
More than 20 years after an unsuccessful attempt to record a commercial oil discovery within the Nigeria-Sao Tome & Principe Joint Development Zone (JDZ), the two countries are calling for willing investors, particularly independent producers in Nigeria, to go into aggressive search for hydrocarbon in the ultra-deep frontier basin. The Nigeria-Sao Tome & Principe Joint…