The small volcanic island group of Sấo Tomé & Princípe
produces no oil or gas but part of its jurisdiction lies in deep waters
overlying the distal part of the Niger delta. A Joint Development Zone
was set up with Nigeria in 2001 to create a framework for the
development of its significant oil potential.
It is forecast that its share of oil production, with the remaining
going to Nigeria, will begin in 2013 and rise rapidly thereafter.
No gas production is forecast for many years although gas reserves are
also likely to be significant.
Sấo Tomé & Princípe has a small population and consumes
very little oil. The production potential that is expected, although not
yet realised, has already led to economic growth and increased oil
consumption. Exports are forecast to begin in 2013.
No gas is consumed.