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

EIA: Marcellus gas production continues to outpace takeaway capacity

04/25/2014 Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline take...

MARKET WATCH: Brent crude prices top $110/bbl on geopolitical tensions

04/25/2014 In London, ICE Brent crude oil prices moved up this week, topping $110/bbl on Apr. 24 “amid rising geopolitical tensions between Russia and Ukraine...

EIA: Companies’ global upstream spending flat in 2013

04/25/2014 According to annual reports from 42 international oil and natural gas companies that have reported data on upstream expenditures since 2000, total ...

Voters ready to respond to Keystone XL delays, API-sponsored poll finds

04/24/2014 Candidates’ stances on whether to complete the proposed Keystone XL crude oil pipeline and other energy issues potentially could affect midterm con...

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