Nigeria and Sao Tome pin hopes on new technology in joint oil zone

Nigeria and Sao Tome and Principe plan to use non-conventional oil exploration technology in their joint offshore zone and hope to start oil production within 18 months, according to a statement issued by the countries. Sao Tome, a tiny former Portuguese colony in Africa's Gulf of Guinea, is surrounded by oil-rich neighbours but has so far failed to find oil after several years of prospecting ...
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Added April 04, 2014
from Yahoo Nigerian News