Abstract
This paper aims at identifying and explaining the design principles of the joint development regime between Nigeria and São Tomé & Principe, analysing the subsequent dynamics – the nature of cooperation – generated by the regime's design. In order to fulfil its objectives, it shall start by explaining the applicable socio-legal research methodology, then continue with the analysis of the case study, finishing with the relevant conclusions. Characterized by large oil reserves, low development capacity, international oil companies appetite, and corrupt governments, this work depicts Nigeria and São Tomé e Príncipe as large oil reservists with potential but low development capacity, resulting in a dyad of international oil companies keen on offshore development and corrupt governments looking to exploit it. On the other hand, recognition of the offshore development potential in their overlapping claim zone and international oil companies’ pressured the States to improve their political governance, developing on both countries the decision to achieve an international development regime (JDZ) proven profitable for both countries in many ways – not only economic.
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