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JDZ

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AcronymDefinition
JDZJoint Development Zone


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However, OVL succeeded in acquiring 15% in another block - Sao Tome JDZ - through its Nigerian subsidiary, OVL Narmada.
Any government revenue from production in the JDZ will be shared 60 percent for Nigeria and the remainder for Sao Tome.
12) The concepts of joint development and unitization are not mutually exclusive, because a JDZ could be subdivided into separate contract areas so that deposits may occur across its internal boundaries.
 
 
 
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