ERHC Energy Inc (ERHE)

[kuxe0]

@Brez - From EEL.L webpage

LONDON, United Kingdom & LAGOS, Nigeria - 17 March 2006 - Equator is pleased to announce that it has together with its co-venturers signed a Production Sharing Contract with the Nigeria/Sao Tomé and Principe Joint Development Authority ("JDA"). A 15% interest in the highly sought after JDZ Block 2 of the Joint Development Zone has been awarded to Equator and its joint bidding partner ONGC Videsh Limited ("OVL").

Based on a 3D seismic survey funded and acquired by Petroleum Geo-Services ("PGS") and Equator in 2003, the block has estimated recoverable reserves of 1 billion barrels. JDZ Block 2 is adjacent to Nigerian Block OML 130 which hosts the 700 million barrel Akpo field and another series of discoveries totalling an additional 500 million barrels and several TCF of gas. Other stakeholders in the block include the consortium of Sinopec, ERHC Energy and Addax Petroleum, who together have 65% with Sinopec acting as operator of the block. In addition, Nigerian firms A & Hatman (10%), MoMo Petroleum (5%) and Foby Engineering (5%) were allocated interests in JDZ Block 2.

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BTW: recently I catched a news about cooperation between Sinopec and Maersk within China. May be Maersk is interested in good relationship to China...

Maersk has already deepwater drill equipment and 2 brandnew are presently under construction in Singapore (even ultra deepwater - suitable for bloc 5 + 6):
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...It is suited for operations in moderate environmental conditions such as West Africa, Brazil, Gulf of Mexico and Southeast Asia in water depths of 3,000 metres or 10,000 feet. Each rig can accommodate up to 180 persons.

Delivery of this new deepwater semi is expected during first quarter of 2010. Meanwhile, the two semis under construction are scheduled for delivery in first quarter 2008 and 2009 respectively.

http://www.scandoil.com/moxie/news/subsea_news/keppel-fels-receives-repe.shtml