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Total to invest $200mn in Sao Tome and Nigeria oil block

French oil group Total SA will invest $200 million in 2012 drilling an oil block in a Joint Development Zone (JDZ) between Sao Tome and Nigeria, a Total executive said on Thursday. Francois Le Cocq, speaking after a meeting of the three partners in Sao Tome, told a news conference that drilling is scheduled to begin in the first quarter of next year.
Read the rest of the story on Businessday Nigeria

Added December 02, 2011
from Businessday Nigeria