‘New Eldorado’: Obasanjo steps in to take over JDZ licensing

The highly prospective Block 1 has been awarded, but the Nigeria/STP licensing round hardly proved the smooth affirmation of the Gulf of Guinea’s attractions its boosters had hoped. President Olusegun Obasanjo has stepped in to take the awarding of blocks out of the hands of the Joint Development Authority, questions are being asked about participants and more senior personnel changes are expected.