Project Profile
Value: Undisclosed
Location: Block BDS 2008, Manga and Chari-Ouest Block 3, Republic of Chad
Reserves: 100 billion barrels in proven oil reserves
Area: 41,800 square km, equal to more than 10 million acres
Start-up Year: -
ERHC has interests in three oil blocks – Block BDS 2008, Manga and Chari-Ouest Block 3 – in the Republic of Chad. 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. Chad occupies the center of what is a “golden triangle” of oil production in Africa. It is ringed on three sides by Africa’s largest producers in Nigeria, Libya and Sudan. Together, they have nearly 100 billion barrels in proven oil reserves. Chad itself is a prolific producer country with over a billion barrels of proven oil reserves and has seen considerable international competition among independents recently for acreages. ERHC has 100% of the interest in BDS 2008 and Manga. The company has a 50% interest in 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
Operator:
ERHC Energy Inc: Operator with 100% interest in BDS 2008 and Manga and 50% interest in Chari-Ouest Block 3
Republic of Chad: 50% interest in Chari-Ouest Block 3
Contractors:
Bridgeporth Ltd.: Contract to commence an airborne gravity/magnetic survey of BDS 2008 in Southern Chad. ERHC has 100 percent of the interest in BDS 2008. Bridgeporth is flying 4,720 line kilometres, focusing on two main areas identified by ERHC\'s technical team.