Petroleum Africa
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Wednesday, February 17, 2016
ERHC Energy updated its exploration progress on Kenya’s Block 11A saying that it was working “relentlessly” toward a spud date for its Tarach-1 well near the end of Q1. The rig is being mobilized to the drill site where concreting work and installation of conductors have already been completed. The contracting parties have completed over 80 km of access road.
The Tarach-1 well is designed to drill from a 20-inch surface casing through intermediate casings down to 2,442 meters and set a seven-inch liner down to total depth (TD) of 3,000 meters.
The company holds a 35% interest in Block 11A. As previously disclosed, ERHC is obligated, under existing agreements, to pay 25% of its proportionate share of the costs of well and is carried for the remaining 75% of its proportionate share.
ERHC has paid all cash calls relating to its obligations for the costs of the well to date.
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