Addax Petroleum completes drilling in Nigeria-Sao Tome JDZ bloc

14 January 2010

Houston, United States of America, 14 Jan – Addax Petroleum, the operator of bloc 4 of the Nigeria-Sao Tome and Principe joint development zone (JDZ), has completed drilling at the Oki Oriental well, the US company ERHC Energy has announced in Houston.

ERHC Energy has a 19.5 percent stake in the bloc.

The Oki Oriental well was drilled to a depth of 12,600 feet below sea level, fulfilling contract obligations for the period to explore bloc 4 in the JDZ.

The period saw four wells drilled, beginning last August. The company praised the performance of its technical partners, Addax Petroleum and the Chinese Sinopec.

ERHC Energy holds petroleum and gas assets in the Gulf of Guinea, with stakes of 22 percent in bloc 2, 10 percent in bloc 3 and 19.5 percent in bloc 4, all in the Nigeria-Sao Tome and Principe JDZ.