Petroleum Africa
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Thursday, September 25, 2014
Independent operator ERHC Energy has holdings in several African countries and these holdings have been keeping the company busy. In Kenya, where it holds a stake in Block 11A, the company saw the successful completion of a 2D seismic program shot by BGP. The completion of the seismic fulfilled ERHC and its partner Cepsa’s obligations under the first phase of the exploration program and will form the basis for the continuation of exploration under the second phase. Under the second phase of exploration the partners are required to either acquire 3D seismic or proceed directly to drilling one exploration well.
On Block BDS 2008 in Chad, Bridgeporth, a specialist geosciences firm is currently mobilizing to acquire gravity/magnetic data for ERHC. The company contracted Bridgeporth to fly 4,720 line km over BDS 2008. ERHC continues to discuss with potential partners the possibilities of a farm-in into Block BDS 2008 to spread risk.
In Sao Tome & Principe’s (STP) Exclusive Economic Zone (EEZ) Block 11 ERHC is currently working on the budget for the first four-year exploration phase and other preliminary steps. As previously disclosed, the PSC contains three exploration phases spread over an eight-year period. Initially, the work program commits ERHC to purchase and re-process existing data and then carry out an aeromagnetic survey over the Block. ERHC is also committed to acquiring 2,500 km of 2D seismic data during the first phase.
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