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JDZ Block 1

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Owner: Total

Shore Type: offshore

Block Rights: OPL

The JDZ is governed by a treaty signed by Nigeria and Sao Tomé and Principe in 2001 for a period of 45 years. This transaction is subject to approval by relevant authorities. Joint Development Zone Block 1

Working Interests

*Total | 45.900%

Dangote Energy Equity Resources | 9.000%

Addax Petroleum | 0.000%

Sasol | 0.000%

Oil Fields

Field Name

-

-

Obo

-

-

Updates

Total Acquires Chevron's Interest in Joint Development Zone

15th July, 2010

hexgear

Total announces the signature of an agreement to acquire Chevron’s 45.9% interest in Block 1 in the Joint Development Zone (JDZ). Total will operate the block in partnership with Addax Petroleum JDZ 1 Limited, Dangote Energy Equity Resources and Sasol Exploration and Production Nigeria Limited. The JDZ is governed by a treaty signed by Nigeria and Sao Tomé and Principe in 2001 for a period of 45 years. This transaction is subject to approval by relevant authorities.

Source: http://www.total.com/en/media/news/press-releases/...

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