Joint Development Zones: Negotiating and Structuring a Joint Development Agreement
Article from: OGEL 5 (2003), in International Law & Regulations / Law of the Sea
The end of June witnessed public 'roadshows' in London and Houston for the inaugural licensing round of the 35,000 km² Nigeria/Sao Tome e Principe (STP) Joint Development Zone. In recent times, joint development zones (JDZs) have become more prevalent than ever before. In many cases they are seen by Governments as the best way to deal with boundary disputes with their neighbours, in situations where there is a desire to reap the benefits of resources located within a disputed area, particularly oil and gas. The negotiation of new joint development agreements in the future ...