Regional Overview: Nigeria – São Tomé & Príncipe
Nigeria – Offshore Nigeria and São Tomé & Príncipe
(JDZ Block 1)
Regional overview
The São Tomé & Príncipe JDZ occupies a central offshore area in the Gulf of Guinea. The Gulf of Guinea is regarded by industry sources as one of the world’s top oil and gas exploration regions with substantial remaining resource potential.
Afren in Nigeria and São Tomé & Príncipe (JDZ Block 1)
Afren established a presence in Nigeria and São Tomé & Príncipe (JDZ Block 1) in 2005 through the acquisition of an effective 4.41% interest. Chevron is the operator. The potential of the area lies in an extension of the proven and prolific deep water plays discovered to the north and west in Nigerian waters. Close by is the large Akpo field which is reported to contain in excess of 1 billion boe. Previous exploration drilling was undertaken in 2006, which resulted in the Obo oil discovery. Afren and its partners are currently moving into the next exploration phase on the Block that will require the drilling of one commitment well by end 2014.
Above: The Armada Perkassa FPSO during a resupply by its support vessel.
