Nigeria,Sao Tome name winners of blocks

摘要

Nigerian and Sao Tome & Principe officials,after a meeting in the Nigerian federal capital Abuja May 31,announced the eagerly awaited winners of five blocks in a shared zone that is believed to hold up to 6-bil bbl of oil.Environmental Remediation Holding Corp (ERHC) led the pack,taking equity in four of the five blocks while Nigeria's Conoil grabbed a 20% stake in block 2 after paying a us150-mil signature bonus.