ERHC (OTC:ERHE) has announced today the commencement of exploratory drilling at the Malanza 1X well in the Joint Development Zone (JDZ) Block 4. This puts the company in the next phase of its comprehensive drilling campaign. The campaign began in August of 2009.
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ERHC’s technical partner, Addax Petroleum, operates the JDZ Blocks 3 and four using the Deepwater Pathfinder by Transocean. The Malanza 1X well is expected to take five weeks to drill. Factors effecting the estimate include drill penetration rate, fluids encountered, borehole stability, and equipment maintenance.
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