By OGJ editors
HOUSTON, Feb. 16 – Sao Tome & Principe’s National Petroleum Agency confirmed the award to ERHC Energy Inc., Houston, of 100% working interests in blocks 4 and 11 of the Sao Tome & Principe Exclusive Economic Zone in the Gulf of Guinea.
The confirmation follows ERHC’s exercise of rights arising from prior agreements between ERHC and STP. The agency indicated that it expects to invite ERHC to negotiate production sharing contracts on the blocks.
The EEZ covers 160,000 sq km south and east of the Nigeria-Sao Tome & Principe Joint Development Zone. Block 4 is east of Principe, and Block 11 is east of Sao Tome.
ERHC also has rights to acquire up to a 15% paid working interest in two more blocks of its choice in the EEZ. The agency has informed ERHC that selection of these other blocks will take place at a later date.
