As of late 2017, the Ministry of Mines & Energy of Ethiopia was offering 20 open blocks:          Open Blocks in   Ethiopia         Â          Â          Â          Â          Â          Â              Basin Name         Block Name         Block Sqkm         Existing drilling         Existing discoveries         Existing Explo.   Surveys         Political Province             Abbay (Blue Nile)   Basin~Amhara Massif         Block AB8         12,135         no         no         no         Amara             Abbay (Blue Nile)   Basin~Amhara Massif         Block AB9         12,128         no         no         no         Amara             Afar Basin~Mekele   Basin~Red Sea Basin~Northeast African Fold Belt         Afar         24,570         no         no         no         Afar             Afar Basin~Red Sea   Basin~Mekele Basin~Ogaden Sub-basin (Somali Basin)         Afar Area         63,068         no         no         2009 (2D)         Afar             Amhara Massif         Block AB2         12,069         no         no         no         Amara             Amhara Massif         Block AB3         12,069         no         no         no         Amara             Amhara Massif~Abbay   (Blue Nile) Basin         Block AB5         12,109         no         no         no         Amara             Amhara Massif~Abbay   (Blue Nile) Basin         Block AB6         12,109         no         no         no         Amara             Amhara Massif~East   African Rift System, Eastern Branch         Area 4         3,679         no         no         no         Ye Debub Biheroch              Amhara Massif~South   Omo Graben (EARS, East Branch)         Omo         30,765         2013 (OG Shows), 2013   (G shows), 2014 (2 wells, G shows),          no         2007 (G/M), 2011 (2D),   2012 (2D),          Ye Debub Biheroch              Mekele Basin~Amhara   Massif~Northeast African Fold Belt         North West         82,514         no         no         2008   (Gravity/Magnetic)         Amara             Mekele Basin~Northeast   African Fold Belt~Amhara Massif         Metema         29,793         no         no         2010   (Gravity/Magnetic)         Binshangul Gumuz             Mudugh Sub-basin   (Somali Basin) ~Ogaden Sub-basin (Somali Basin)         Block 21         6,149         1955 (OG Shows)         no         no         Sumale             Ogaden Sub-basin   (Somali Basin)         Block 01         12,207         1974 (dry)         no         Unknown (2D),          Oromiya             Ogaden Sub-basin   (Somali Basin)         Block 05         18,299         no         no         1976   (Gravity/Magnetic),          Oromiya             Ogaden Sub-basin   (Somali Basin)         Block 06         12,232         no         no         Unknown (2D), 1969 and   2007 (Gravity/Magnetic)         Oromiya             Ogaden Sub-basin   (Somali Basin) ~Mandera-Lugh Sub-basin (Somali Basin)         Block 02         12,232         no         no         no         Oromiya             Ogaden Sub-basin   (Somali Basin) ~Mandera-Lugh Sub-basin (Somali Basin)         Block 07         12,254         1974 (dry)         no         1969 and 2007   (Gravity/Magnetic), 1972 (2D), 1973 (2D), 2010 (2D)         Sumale             Ogaden Sub-basin   (Somali Basin) ~Mudugh Sub-basin (Somali Basin)         Block 18         12,232         1950 (dry), 1955 (2   wells, dry)         no         1962 (G/M), 2009 (2D),   2008 (G/M), 2015 (G/M), 2015 (2D)         Sumale             Ogaden Sub-basin   (Somali Basin) ~Mudugh Sub-basin (Somali Basin)         Block 19         6,538         1963 (dry)         no         1961 (2D), 1962 (G/M),   1963 (G/M and 2D)         Sumale             Source: IHS Markit,   2018            Â                     Â   For further details, interested companies are invited to contact:     Mr. Ketsela Tadesse    Head of Petroleum Operations Department    Ministry of Mines & Energy    486 Addis Ababa, Ethiopia    Phone: + 251 11 646 12 09    Fax: + 251 11 646 34 39    Petroleum contracts are in the form of Model Production Sharing Agreement of 1994 between the government of Ethiopia, represented by the Minister of Mines and Energy, and a contractor. The contracts have an initial exploration term of four years and an optional two year term, with two possible further exploration periods of two years (4+2+2). The development and production period is of 25 years. The minimum exploration and expenditure obligations are negotiable. The signature and production bonuses are also negotiable. The income tax is 30%.
As of late 2017, the Ministry of Mines & Energy of Ethiopia was offering 20 open blocks: Open Blocks in Ethiopia Basin Name Block Name Block Sqkm Existing drilling Existing discoveries Existing Explo.