The report is self-explanatory, so here it is:
UPSTREAM JDZ bonus payments due soon
By Upstream staff
THE Joint Development Authority managing the Gulf of Guinea joint development zone between Nigeria and Sao Tome has indicated that all signature bonuses payable for production-sharing licences signed last month will be due by 14 April and that drilling on blocks 2, 3 and 4 should start before the end of the year, writes Barry Morgan.
Also, indications of a "possible billion-barrel find" in its debut wildcat on Block 1 by operator Chevron were cautiously backed by Nigerian Minister of State for Petroleum Resources Edmund Daukoru in Abuja this week.
"Possibly more than 1 billion and more than originally thought. Obo-1 is not a disappointment, though I am waiting to hear the final result," he said.
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