ERHC & Pioneer to Jointly Evaluate Block 2 Offshore San Tome

JDZ Block 2
(Click to Enlarge)
Environmental Remediation Holding Corporation reports that Pioneer Natural Resources has entered into a Memorandum of Understanding with ERHC for Block 2 of the Nigeria/Democratic Republic of Sao Tome and Principe Joint Development Zone ("JDZ") in the Gulf of Guinea offshore West Africa.

The Memorandum of Understanding provides a period of exclusivity whereby the companies will jointly evaluate and negotiate participation in Block 2 of the JDZ. The MOU also sets forth the terms and conditions under which the companies will enter into a Participation Agreement relating to Block 2 of the JDZ.

Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours