Pioneer Withdraws from Joint Development Zone

Pioneer Natural Resources Company says that its subsidiary, Pioneer Resources Africa Limited, has notified the Nigeria -- Sao Tome and Principe Joint Development Authority that it is withdrawing from participation in Blocks 2 and 3 of the Joint Development Zone in offshore Nigeria, Sao Tome and Principe.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, with operations in the United States, Canada and Africa.

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