Nigeria-Sao Tome JDZ

By OGJ editors
HOUSTON, July 15 – Total SA has acquired Chevron Corp.’s 45.9% interest in Block 1 at the northern end of the Nigeria-Sao Tome and Principe Joint Development Zone in the Gulf of Guinea.

Total becomes block operator in partnership with Addax Petroleum JDZ 1 Ltd., Dangote Energy Equity Resources, and Sasol Exploration and Production Nigeria Ltd. (see map, OGJ, Sept. 8, 2003, p. 38).

The license, which covers nearly 700 sq km in 1,600-1,800 m of water, is the site of the 2006 Obo-1 oil discovery (OGJ, June 12, 2006, Newsletter). The well is less than 20 km south of the Akpo and Egina discoveries off Nigeria.

Total said, “The proximity of the Total-operated licenses and facilities in Nigeria will enable cost reductions in developing the license’s resources.”