Sinopec Corp., the operator of JDZ Block 2, in which ERHC has a 22 percent interest, has disclosed that it plans to drill the Bomu Prospect using the SEDCO 702 semi-submersible drilling unit. Owned by Transocean, Inc., the SEDCO 702 is capable of operating in moderate environments and water depths up to 6,562 feet and drilling depths of up to 25,000 feet. While it is important to understand that drilling plans are subject to change, Sinopec predicts the SEDCO 702 might be available to begin exploration in JDZ Block 2 around August 20, 2009.
