Erin Energy has obtained an 18-month extension of the initial exploration period (IEP) of its offshore Kenya blocks, L27 and L28
According to the extension, the US-based company’s IEP on blocks L27 and L28 is now valid till February 2017.
Segun Omidele, senior V-P for exploration and production at Erin Energy, said, “We are delighted to receive this 18-month extension. This additional time to evaluate these blocks will allow us to acquire 3D seismic data and to look for suitable partners on the blocks.”
The extension of the IEP of the production sharing contracts for blocks L27 and L28 is effective as of 9 August 2015. The required work remaining includes the acquisition, processing and interpretation of 3D seismic data on both the blocks. Erin Energy is the operator and has 100 per cent interest in both the offshore blocks.
Last month, Erin Energy was given approval by the government of Kenya to enter the first additional exploration period on its onshore blocks, L1B and L16.
Erin Energy is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of nine licences across four countries covering an area of 43,000 sqkm, including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and The Gambia, and onshore Kenya.