The JDZ covers 35,400sq.km in the maritime boundaries between both countries in the deep offshore Gulf of Guinea. The nine blocks available for investment in this initial round are located in the northern part of the zone, nearby existing producing Nigerian offshore fields.
The licensing round will run until October 18. It is managed by the Joint Development Authority (JDA), which was established in 2002 following a treaty between the two countries of Nigeria and São Tomé and Príncipe.
More information on the JDA and the licensing round is accessible through the IndigoPool.com site.
