Erin Energy Announces the Spud of Oyo-9 Well

HOUSTON–(BUSINESS WIRE)–Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN)
(JSE:ERN) today announced it has commenced drilling of the Oyo-9 well
(Oyo-9). Oyo-9 is being drilled with the Pacific
Bora sixth-generation drilling rig on the Oyo field
offshore Nigeria.

The well is expected to take approximately 62 days to drill and
complete. The tie-in of the well to the FPSO for production commencement
is expected in the later part of the fourth-quarter 2017. The well is
expected to add an additional 6,000 to 7,000 barrels of oil per day to
the field’s current production.

About Erin Energy

Erin Energy Corporation is an independent oil and gas exploration and
production company focused on energy resources in sub-Saharan Africa.
Its asset portfolio consists of 7 licenses across 4 countries covering
an area of 19,000 square kilometers (~5 million acres), including
current production and other exploration projects offshore Nigeria, as
well as exploration licenses offshore Ghana and The Gambia, and onshore
Kenya. Erin Energy is headquartered in Houston, Texas, and is listed on
the New York and Johannesburg Stock Exchanges under the ticker symbol
ERN.

For more information about Erin Energy or to request a hard copy of the
Company’s most recent complete audited financial statements free of
charge, please call +1 713 797 2940 or visit www.erinenergy.com.

Contacts

Erin Energy Corporation
Lionel McBee, +1 713-797-2960
Director,
Investor Relations and Corporate Communications
[email protected]