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Africa: Nigeria, Sao Tome Reignite Oil Exploration Drive On Abandoned Coastal Acreage

22 Apr 2026, 16:09 GMT

[This Day] 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.