Exploration

Erin Energy gives Update on Ghana's Resource Assessment

Tuesday, 06 October 2015 14:16

Erin Energy’s resource volume evaluation of the three previously discovered fields ;Tano North, Tano West, and Tano South, has been completed in the Expanded Shallow Water Tano (ESWT) Block, located offshore Ghana. The ESWT block is operated by its affiliated company, Camac Energy Ghana Ltd. Petroleumafrica reports.

The total discovered in-place oil and gas volumes have been assessed at approximately 500 million bbls and 282 Bcf, respectively. A total of 14 wells have been drilled in the fields, and many of the wells were also flow tested with oil and gas produced to surface. From the production tests oil production rates ranged between 600 and 2,047 bpd. A maximum gas rate of about 13 Mmcf/d was also established.

The company stated that it believes this evaluation is a key step in determining the commerciality of the development of the West, North, and South Tano fields, and is presently working with the Joint-Venture partners and important government entities on further optimization studies towards declaration of commerciality, which is anticipated within the next few months.

We are very encouraged by the results of the evaluation of resources and believe this asset holds significant potential for Erin Energy. We are continuing to work with our partners and the government of Ghana to be able to declare commerciality of field development. The commencement of commercial oil production from Ghana would provide significant value to our stakeholders.” COO Segun Omidele, said

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