The Chadian Chamber of Deputies voted and approved on 26 November 2019 the award of seven exploration blocks to the British Virgin Island-based Ewaah Investor Limited company.   Awarded blocks are Eridis I, II, III, IV, V, VI and VII located in the remote Al Kufra (Erdis) Basin in the northern border with Libya and northeaster border with Sudan. The PSA was signed on 6 September 2019 according to which the firm will spend over USD 83 million in exploration activities. A signature bonus of USD 3.5 million is expected to be paid in the following 60 days after the delivery of the approved contract. Following the agreement terms, 16.5% and 5% royalty tax has been set for oil and gas production, respectively.  The Chadian portion of the Al Kufra (Erdis) Basin is located in a remote and highly unexplored desert area. Not a single discovery has been made in this basin as of late 2019 with no wells drilled in the Chadian part. Six NFWs were spudded in the Libyan sector between 1978 and 2010 and three wells in Sudan between 2012 and 2014, all of them suspended and abandoned as dry or with oil shows. The best potential reservoirs would be the Upper Ordovician sandstones with the Silurian shales as best source and seal rocks.   Development costs are expected to be high and there is no petroleum infrastructure in the area with no pipelines at least in the 500 km around.
Ewaah Investors, based in Dubai, was officialy awarded seven blocks in the Erdis Basin which cover a combined area of ~170000kmÂ².