Pioneer negotiating risky, potentially lucrative deal offshore West Africa

Company has MOU with Nigeria’s Chrome Energy subsidiary for joint evaluation of block in Joint Development Zone between Nigeria and The Democratic Republic of Sao Tome and Principe

Ray Tyson

Petroleum News Houston Correspondent

U.S.-based exploration and production independent Pioneer Natural Resources, with a goal of expanding its growing position in West Africa, is tiptoeing into an unexplored area of the Gulf of Guinea where the politics are shaky but the oil payoff could be huge. Pioneer also could team up with a littl....

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Companies negotiating

Even altered terms appear to be a sweet deal

ERHC supported financially by Chrome

ERHC began in East Texas, Gulf of Mexico