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

Summary by allAfrica
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.

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allAfricaallAfrica
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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.

·South Africa
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allAfrica broke the news in South Africa on Wednesday, April 22, 2026.
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