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ERHC Energy reports 2D seismic program underway on Kenya Block 11A

HOUSTON -- ERHC Energy reported the start of a 2D seismic program covering at least 1,000 line km on Block 11A in the Republic of Kenya. BGP Kenya is carrying out the seismic acquisition.

Block 11A is located to the northwest of the Lokichar basin where the Ekales-1, Agete-1, Etuka-1, Ngamia-1 and Twiga South-1 oil discoveries were made.

ERHC holds a 35% interest in the Block after farming out a 55% stake to CEPSA Kenya Limited (a wholly-owned affiliate of Compania Espanola de Petroleos, (CEPSA)), which is now the operator. The remaining 10% interest in the Block is held by the Government of the Republic of Kenya.

“Upon completion of the 2D seismic program this summer, ERHC and its operating partner will have satisfied the minimum work program requirements for the initial two-year exploration period under terms of the Block 11A Production Sharing Contract,” said Dr. Peter Thuo, GM of ERHC Kenya.

The 2D seismic program was designed to cover areas of interest resulting from structural mapping of prospective basins enabled by the airborne full tensor gravity gradiometry (FTG) survey of Block 11A completed recently. The FTG survey confirmed that the Lotikipi basin extends into Block 11A, significantly advanced the exploration team’s understanding of the internal structure of the Lotikipi rift basin and enabled the identification of the most prospective areas.

04/23/2014

 

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