Erin Energy gearing up for 3D seismic after Ghana-Ivory Coast border ruling

Erin Energy’s offshore assets in Ghana have not been affected by the ruling brought on Saturday by an international tribunal with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire.

The Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg has determined a maritime boundary and has found that Ghana did not violate the sovereign rights of Ivory Coast by conducting oil and gas activities in the disputed area.

Also, the tribunal found that had Ghana suspended its activities by implementing its obligations in accordance with the Order of the Special Chamber of April 25, 2015, namely to ensure that no new drilling either by Ghana or under its control would take place in the disputed area.

“The maritime boundary delimited by the Special Chamber’s decision does not negatively impact any of the discovered fields on the Company’s Expanded Shallow Water Tano (ESWT) block,” Erin energy said.

It added: “The company is working with the Government of Ghana and its partners to progress operational activities and planning of the 3D marine seismic survey. The decision also has no negative impact or otherwise on the company’s interests in Ghana. The Company has 337,000 acres in Ghana, and has three discovered fields with 2C resources.”

Worth noting, Erin last year said it was conducting geological and reservoir studies with the existing 2-D and 3-D seismic datasets to evaluate the various possible development options and the exploration potential of the block, at the same time planning a new 3-D marine seismic data acquisition over the entire block is in the execution planning phase.

The company then said that the new seismic data would enable the high-grading of the exploration prospects as well as firm-up the drilling candidates. However, Erin said previously the actual field operations “await the resolution of the Ghana-Cote d’Ivoire maritime border dispute arbitration in mid-2017.”

In a presentation last month, the company, at the time still awaiting resolution on boundary issues said it had identified four high-quality drilling prospects in the area. The 3D seismic acquisition is expected to start next year, after which the company will consider development decision, assess exploration potential and possibly carry out appraisal work at the fields.

The company’s long term plan for the area (2020 and beyond) is to develop the three fields and drill further exploration wells.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

FPSO Roundtables 2018

The entire FPSO value chain is now critically aware of how conventional modes of cooperation and project delivery must change in light…

read more >

International Petroleum (IP) Week 2018

International Petroleum (IP) Week, hosted by the Energy Institute (EI) is a renowned and highly respected event where leaders from the global…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

FPSO Europe Congress 2018

The FPSO Europe Congress 2018 builds on these themes, lending a particular focus to FPSO Value Preservation and Operational Excellence…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply