Companies

Erin Energy says still looking for farm-in partners for its Kenyan assets, plans additional seismic

Monday, 21 November 2016 14:40

Erin Energy in its Q3 2016 results and operational update announced that it is still on the lookout for farm-in partners for Kenya’s ultra-deep water offshore blocks, L-27 and L-28.

The company says it has completed the interpretation of 2D seismic data acquired on onshore blocks L1B and L16, and has identified several potential leads to pursue.

Erin continues to develop these leads and is currently planning more 2D seismic to be acquired in 2017 on the two onshore blocks in order to get a better understanding of the identified leads. According to the company, even though it is exploring ways to rationalize its exploration assets and focus on the most prospective of the Kenyan assets, it has increased efforts in identifying farm-in partners so as to share exploration costs and risks in the ultra-deep water offshore blocks, L-27 and L-28, Energy-pedia reports.

Erin was awarded four production sharing contracts on the Lamu Basin for a combined acreage of 36,913km². The two onshore blocks L1B and L16 are located along the coast and are partly onshore and partly offshore in shallow water while blocks l27 and l28 are located offshore in the ultra-deep water of the Indian Ocean.

On September 2015, the company announced that it had acquired an eighteen-month extension of the Initial Exploration Period (IEP) of its offshore Kenya Blocks, L27 and L28. The period was extended to February 2017.

Anita Fatunji

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.