Licensing of eight JDZ
blocks proved more difficult than expected, particularly as successive governments disagreed over the validity of the licences awarded.
Although the existence of the Japan-ROK JDZ
might complicate matters, the boundary could initially run along the JDZ
's southwestern edge, which is approximately equidistant between China and South Korea.
After a lengthy series of negotiations, in April 2003 the joint development zone (JDZ
) was opened for bids by international oil firms.
The company added that it has a 22% working interest in JDZ
Block two, which is operated by its technical partner, Sinopec Corp.
In spite of its best efforts, "India's involvement in the Nigerian oil industry has not paid the expected dividends." (44) Indian oil companies have also invested in other African countries such as Sudan, Libya, Gabon, Cote d'Ivoire and the Nigeria-Silo Tome & Principe JDZ
(77) This article suggests that further progress towards a more comprehensive JDZ
will be required before the "good faith" required for delimitation negotiations may materialize.
With Chad now exporting oil through Cameroon, Tullow Oil & Gas expected to start production on its Mahogany Field offshore Ghana and high hopes of discoveries in the Nigena-Sao Tome and Principe joint development zone (jdz
), the future for the Gulf of Guinea oil industry looks very bright.
exclusive, because a JDZ
could be subdivided into separate contract
One possible solution is the creation of a joint development zone (JDZ
) that would enable the two countries to share in any hydrocarbon wealth in the area.
He was found slumped beside the dark blue coupe with the personalised registration JDZ
Revenues from new discoveries in the disputed zone will be shared 60:40 in favour of Nigeria, in line with joint development zone (JDZ
) arrangements elsewhere in the world.