Erin Energy provides update in Ghana
Erin Energy Corporation has said that the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg issued its final judgement with regard to the maritime boundary dispute between Ghana and Côte d’Ivoire.
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.
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.
Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 7 licenses across 4 countries covering an area of 19,000 square kilometers (~5 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana and The Gambia, and onshore Kenya.
Erin Energy is headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock Exchanges under the ticker symbol ERN.