ERHC has interests in three oil blocks – Block BDS 2008, Manga and Chari-Ouest Block 3 – in the Republic of Chad. ERHC is currently offering farm-in opportunities to interested parties. See more information here.
The government of Chad formally awarded the company the three oil blocks for exploration and development in June 2011, following several months of negotiation. Production Sharing Contracts were signed in July 2011.
ERHC has 100 percent of the interest in BDS 2008 and Manga. The Company has a 100 percent interest in half of the Chari-Ouest Block 3. The sizes of each of the three blocks are:
- Chari-Ouest III: 4,500 square km, equal to 1,111,974 acres
- Manga: 6,477 square km, equal to 1,600,501 acres
- BDS 2008: 16,360 square km, equal to 4,042,644 acres
BDS 2008 and Chari-Ouest Block 3 lie next to the Doba Basin oilfield, which in 2010 had an average daily production of 122,500 barrels of crude oil per day. The Manga block is north of Lake Chad, along the border with Niger.
The Area:
The West African nation of Chad has proven oil reserves of 1.5 billion barrels with studies establishing the prospect of more discoveries. It is one of sub-Saharan Africa’s significant crude oil producers. Chad shares borders with Nigeria, Cameroun and Sudan, which all produce oil as well. According to the World Fact Book, a consortium led by two U.S. companies has been investing $3.7 billion to develop oil reserves - estimated at 1 billion barrels - in southern Chad. Chinese companies are also expanding exploration efforts and are currently building a 300 km pipeline and the country's first refinery. Oil production came on stream in late 2003. Chad began to export oil in 2004.
More about ERHC Energy's operations:
The Joint Development Zone (JDZ). ERHC has interests in six of the nine Blocks in the Joint Development Zone (JDZ), a 34,548 sq km area approximately 200 km off the coastline of Nigeria and São Tomé & Principe that is adjacent to several large petroleum discovery areas. For more on ERHC's operations in the JDZ, click here.
São Tomé & Principe’s Exclusive Economic Zone (EEZ). The government of São Tomé & Principe has awarded ERHC rights to participate in exploration and production activities in São Tomé & Principe’s Exclusive Economic Zone (EEZ), which encompasses an area of approximately 160,000 square km. For more on ERHC's operations in the EEZ, click here.
