US energy firm completes local exploration exercise
08 August 2014, 11:22
Nairobi - ERHC Energy, the United States-listed company with exploration blocks locally, has announced the successful completion of a major 2D seismic acquisition programme of Block 11A in Northwestern Kenya.
The seismic survey, paired with the structural mapping of prospective basins from a Full Tensor Gravity Gradiometry (FTG) survey completed last winter, will help to identify potential drilling targets in Block 11A.
"Interpretation of the seismic data is not yet complete, but we can say we are encouraged," said Dr Peter Thuo, General Manager of ERHC Kenya Ltd.
BGP acquired seismic data over approximately 1 000 line kilometres on behalf of ERHC and its operating partner, CEPSA Kenya Limited (a wholly owned affiliate of Compañía Española de Petróleos, S.A.U. (CEPSA)), completing the work programme requirements for the initial two-year exploration period under terms of the Block 11A Production Sharing Contract.
ERHC holds a 35 percent interest in Block 11A after farming out a 55 percent stake to CEPSA. The Block is situated in northwest Kenya, northwest of the significant Ekales-1, Agete-1, Etuko-1, Ngamia-1 and Twiga South-1 oil discoveries.
In addition to Kenya Block 11A, ERHC's oil and gas exploration interests extend across the African continent, including the São Tomé and Príncipe Exclusive Economic Zone (EEZ), the Republic of Chad and the Nigeria-São Tomé and Príncipe Joint Development Zone (JDZ).
- CAJ News
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!