Petroleum Africa
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Monday, April 27, 2015
ERHC Energy and Cepsa (operator) have identified their first drilling location, the Tarach-1 prospect, on their Kenya Block 11A. The decision to spud first on the Tarach-1 prospect was taken based on interpretation of 1,086.6 km of 2D seismic data acquired by the partners. The exploration team considers the Tarach prospect as the most robust mapped prospect.
The interpretation of the seismic data led the exploration team to identified 13 drillable prospects and leads in the Tarach basin. Mean prospective resources of all prospects and leads totals 645 million barrels.
The Tarach-1 prospect is situated in the central part of the basin. It is a three-way structural closure trapping against a North-South trending normal fault. The mean estimate of oil prospective resources for the prospect is 65 million barrels. The exploratory well is expected to spud in March 2016, if conditions precedent are met.
The partners have commenced preparations for drilling with tendering processes underway on major items. Contingent upon the results of Tarach-1, the decision to drill a second well, the Egole-1, may be taken. The Egole-1 prospect is a four-way rollover closure onto a Northwest-Southeast trending fault plain with mean prospective resources of 101 million barrels of oil.
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