10 February 2014, News Wires – Spain’s Cepsa has completed a farm-in deal with US player ERHC Energy, giving it operatorship of an onshore block in East Africa.
The former has taken a 55% stake in Block 11A in the north-west of Kenya following a previously-announced deal between the two parties.
ERHC, which will continue to hold a 35% stake, said Cepsa will press ahead with a 2D seismic, which is expected to begin this spring.
Block 11A covers 2.95 million acres and sits on the borders of South Sudan and Lake Turkana, and close to the border with Uganda.
– Upstream
