Brenham Oil & Gas said it has received a letter of award for a 15% participating interest in four offshore exploration blocks in Equatorial Guinea from the nation’s government.

The company highlighted the area last year during its ongoing review of seismic and well data in Sub-Saharan Africa.

Brenham Oil & Gas vice president Scott Gaille said his firm was looking forward to the project.

"The next step will be for the consortium of winning companies to finalise the commercial terms with the government in a production sharing contract," said Gaille.

The four blocks lay between and along the geologic trend, with a large producing oil and gas field complex capable of a peak production of more than 80,000 barrels of oil a day and an undeveloped oil discovery.

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