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.
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Added December 02, 2011
from Businessday Nigeria