ERHC to farmout part of interest in Kenya to CESPA

ERHC Energy Inc., Houston, has reached a farmout agreement with Spain’s Compania Espanola de Petroleos SA (CEPSA) for 55% stake in Block 11A in northwestern Kenya.

CEPSA will operate the block in exchange for certain considerations, while ERHC will retain 35% interest.

The companies said they will proceed with a previously announced 2D seismic survey of at least 1,000 line-km of Block 11A. The survey, conducted by BGP Kenya Ltd., is expected to commence this spring.

The block, which was awarded to ERHC last year, encompasses 11,950 sq km and is situated on the border of South Sudan to the north, Block 11B and Lake Turkana to the east, and near Kenya’s border with Uganda to the west.

It was reported last May that an undisclosed international integrated oil and gas company had signed a letter of intent to take a farmout the block (OGJ Online, May 6, 2013).

In June, ERHC let a contract to Bell Geospace to conduct an airborne full tensor gravity gradiometry survey (OGJ Online, July 10, 2013), which commenced in November (OGJ Online, Nov. 18, 2013).

ERHC also holds interests in the Republic of Chad, the Sao Tome and Principe Exclusive Economic Zone, and the Nigeria-Sao Tome and Principe Joint Development Zone.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected