"East Africa is the New Emerging Petroleum Province"

LUA-Cover.jpgDr. Peter Thuo, general manager of ERHC Energy Kenya, was prominently featured in the article, "Africa's oil and gas boom," in the latest issue of Logistics Update Africa. Download the article by clicking the image of the cover.

In the article, Dr. Thuo is quoted as saying:

"East Africa is the new emerging petroleum province. There have been spectacular exploration successes in teh Tertiary Rift basins of Uganda and Kenya where oil and gas has been discovered as well as in the continental margin off Mozambique and Tanzania where multi-trillioncubic feet of gas has been discovered."

Dr. Thuo also discussed the options for getting oil discovered throughout the region to market, saying he expects one such option to be the construction of a refinery in Uganda to serve the domestic and regional market as well as a pipeline to export crude through Kenya.

"The pipeline from Uganda will most likely be constructed through northern Kenya discoveries allowing hook up to serve exports from Kenyan fields in future,” said Dr Thuo.

ERHC holds a 35 percent share of Block 11A in northwestern Kenya. The Block is in the vicinity of Block 10BB in which significant oil discoveries have recently been announced.

Last month, ERHC announced the completion of a farm-out agreement of a portion of its interests to CEPSA, which is now operating the Block. CEPSA is carrying ERHC's proportionate share of obligations and financial costs under the terms outlined in the farm-out agreement.

The parties expect to commence a 2D seismic survey of at least 1,000 line kilometers  during the spring of 2014.