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Nigeria – Sao Tome and Príncipe Joint Development Authority (JDA)

Description
The Nigeria – São Tomé and Príncipe Joint Development Authority (JDA) was established in 2002 to manage activities in the Nigeria - Sao Tome & Principe Joint Development Zone (JDZ). The oil finds in the JDZ - the rich non hydrocarbon resources typical for the Gulf of Guinea region - mark the beginning of a new era for the countries.
 
The Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) is a product of extensive negotiations and consultations between the Governments of the Federal Republic of Nigeria and the Democratic Republic of Sao Tome and Principe (DRSTP).
 
The JDZ is an area of overlapping maritime boundary claims, which is defined by coordinates. It covers an area of 34,450 sq. km. in the oil rich Gulf of Guinea.

 

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