Eritrea Oil Exploration Updates
Available Updates:  

    January 1999  
     October 1998

Oil Exploration Updates: A consortium of three oil companies are engaged in oil exploration activities in Eritrea waters in the Red Sea near the central Eritrean coastline south of Massawa.  The three companies own two concessions, one is called the Zula block, while the other is named the Edd block.  The concessions are owned 50% by Anadarko, 30% by Agip Eritrea B.V., and 20% by Burlington Resources. Because Anadarko is a publicly traded company, it reports approximately every quarter on the progress of its activities. Here we  provide exerpts of those reports that are relevant to Eritrea.