Exploration & Production | Government & Regulatory | Deals - Licenses and Concessions
Erin Energy Approved for Onshore Kenya Exploration Ops
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Erin Energy Corporation has been given approval by the government of Kenya to enter the First Additional Exploration Period (FAEP) on its onshore blocks, L1B and L16.
Erin Energy completed the required work program for the Initial Exploration Period of the blocks earlier this year, and previously announced it had exercised its right, in accordance with the provisions of the Production Sharing Contracts, to apply for the FAEP and move to the next phase of exploration.
Kase Lawal, Chairman and Chief Executive Officer, said: "We are very pleased to begin the next phase of exploration in Kenya. 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 is effective as of July 9, 2015 for two years. The minimum work program for each block includes the acquisition, processing, and interpretation of 300 square kilometers of 3D seismic data; and the drilling of one exploration well.
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