US-based Erin Energy Corporation (Erin Energy) has announced that it has received approval from the government of Kenya to enter the first additional exploration period (FAEP) on its onshore blocks, L1B and L16
Erin Energy had completed the required work programme for the initial exploration period of the two blocks earlier this year, and had announced earlier that it had exercised its right to apply for the FAEP and move to the next phase of exploration, in accordance with the provisions of the production sharing contracts.
“We are very pleased to begin the next phase of exploration in Kenya,” said Kase Lawal, CEO of Erin Energy. “Our team is greatly encouraged by the results of our exploration efforts thus far, and excited by the significant hydrocarbon potential we see on the blocks.”
The FAEP of blocks L1B and L16 in eastern Kenya is effective from 9 July 2015 and is valid for two years. The minimum work programme for each block includes the acquisition, processing and interpretation of 300 sqkm of 3D seismic data as well as the drilling of one exploration well.
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.