Should Puntland Share Oil Wealth With The Rest Of Somalia?

[Somalian_Boqor]

Should Puntland Share it's Oil Wealth With The Rest Of Somalia?

Puntland Contains Bulk Of Somalia Oil. $67 billion worth of Oil just in the Puntland!!!

According to taipan financial news and also to los angeles times somalia "bulk" of oil is in puntland. That means majority of all the oil in the horn is in Puntland not south Somalia or sland or anywhere else. On top of that the estimated amount of oil in puntland is $67 billion dollars and that is not including the oil in the sea, this is just the oil in the land. This is not including the natural gas and iron deposits also in the land!!!!

Truly amazing. What region do u hear having that sort of prospect? at best somalia whole gdp from mogadishu, hamar, to bossaso is $5 billion. We can make $67 billion just from oil in the Puntland which can then be diverisifed into other growth sectors like tourism, financial stock markets, and so forth!!! Truly remarkable

You can listen to taipan financial news verdict regarding the estimation of puntland oil below!!! and notice how they say "BULK" of somalia oil is in puntland, that means the majority of the oil is in Puntland!!!



The guy says the Peope's Republic Of Puntland

[Somalian_Boqor]

New updates from AfricaOil website.

World-Class East Africa Oil Exploration Play

Somalia hydrocarbon basins contiguous with Yemeni basins prior to rifting in the Gulf of Aden.

Yemeni basins contain 9 billion BOE reserves with current production of over 400,000 bpd.

Most production from Cretaceous Qishen and Jurassic Alif sandstone reservoirs sourced by Madbi Shales.

In Yemen between 1994 and 2006 there was an average discovery size of 96 million BOE recoverable reserves with a discovery success rate of 23%.

Once contiguous Somalia basins have identical geology and potential .
Concessions located in Puntland, a more stable and semi-autonomous region of Somalia.

[The Nomad]

You mean Maakhir, right?

Since most of the oil is in Maakhir. Puntland is keeping it warm for us while we go about showing the Qaldaans how to really secede.

[Somalian_Boqor]

Cretaceous basins rifted apart beginning 16-18 million years ago





Exploration Drilling
In Somalia, AOC has identified numerous potentially large prospects in both the Dharoor and Nogal Blocks on seismic and will select future drilling locations in late Q4 2009. In addition, the Company will start its efforts to procure and mobilize a drilling rig.

In the Kenyan non-operated Block 9, the operator has plans to spud a well during Q4 2009.

Additional drilling activity in Kenya Block 10A and the Ethiopian Blocks will await completion of seismic acquisition, processing, and interpretation.

[nomadicwarlord]

Yes, a small percentage of the revenue should be allocated to the government. Puntland is lucky, in Nigeria, the people in Niger Delta don't get a penny for the oil they have.

[Somalian_Boqor]

http://www.puntlandpost.com/newspage.php?articleid=7777

Range Resources back again

The company executive or CEO of RR Peter Landau is in Garoowe together with Michael Fox and the rest of the team.

[The Nomad]

Yes, a small percentage of the revenue should be allocated to the government. Puntland is lucky, in Nigeria, the people in Niger Delta don't get a penny for the oil they have.

No, ultimately, the oil you are discussing belongs neither to "Somalia" or Puntland (Although we are willing to share with our Darod brothers), it is MAKHIRI oil, which belongs to the sovereign state of Makhir. The oil cannot be extracted or sold without of explicit permission.

Not a single penny of our oil money will touch the South. Majority will go to Maakhir and some to Puntland, because of Darodniimo

[Somalian_Boqor]

Only 3 wells drilled in Nogal and Dharoor basins - all three encountered oil in Cretaceous sandstones.

The Nogal Valley and Dharoor Valley Blocks situated in northern Somalia cover the Nogal Basin and the Darin Basin, respectively.

Combined, the two blocks cover a very large area, with the Nogal Valley Block extending over approximately 12,849,479 acres, which encompasses the Nogal Basin. The Dharoor Valley Block extends over an area of 7,166,056 acres, encompassing the entire Darin Basin. These areas are very large and, with only 5 wells drilled, the area remains one of the least explored areas in North Africa.

The Nogal Basin covered by the Nogal Valley Block has been identified as having reservoir, source rock and trap potential. International oil and gas companies conducted exploration in the late 1980's in the region. During this exploration phase, a grid of 2D seismic was shot perpendicular to the axis of the rift system in the Nogal Basin. Based on interpreted maps this data shows a number of large, closed, fault-controlled structures.

[Somalian_Boqor]

The limited information indicates that reservoir quality rocks are present within the Nogal Basin. Of the five wells drilled in the Nogal Basin, images of partial well logs are available for two wells (Nogal 1 and Kalis-1). The drilling reports for these two wells indicated that the Jurassic sandstone targets were not reached but that oil shows were found in some of the shallower sandstones. Nogal --1 was drilled to a depth of 10,736 feet in 1990. Kalis-1 was drilled to at least a depth of 5100 feet in 1990 according to log images. The original plan for Kalis-1 was to drill it to a depth of 14,850 feet.

Surface seeps of oil, as well as oil shows reported in several exploration wells drilled by previous operators in the area, indicate that the source rocks have generated hydrocarbons and that they have migrated through the system. There is not enough data yet to determine if trap formation predates hydrocarbon migration, however.

The indications from the limited number of wells drilled in the basin are that the basin appears to be oil-prone.

Seismic structure maps prepared in the late 1980's by a major oil company and obtained from the Somali Government by the Company show that a number of fault-bounded structures with three way dip closures do exist within the basin. A seismic base map for the basin indicates that approximately 2500 line miles of 2D seismic has been shot representing some 76 seismic lines.

A review of three seismic lines show good structuring in the subsurface with evidence of tilted fault blocks and rollover closure. The structures identified by the major oil company using the seismic data, appear to be quite large with some in excess of 4,000 acres and as large as 14,000 acres. These, combined with the extremely thick section of basin fill, provide multiple horizons in which hydrocarbons can be trapped.

At the Dharoor Block, the Company acquired 782 kilometers of good quality data comprising 15 grid lines. The Company has combined 555 kilometers of previously acquired data from this Block into its seismic database.

[Aseelah-Raaida]

Of course.

Puntland is a state within Somalia,not this current admin though.

[Somalian_Boqor]

The Nomad take a chill pill dude cause Majority of the oil is in Majeerteenia. Go take a close look at the map.

[The Nomad]

The Nomad take a chill pill dude cause Majority of the oil is in Majeerteenia. Go take a close look at the map.

No, that isn't accurate.

[nomadicwarlord]

Yes, a small percentage of the revenue should be allocated to the government. Puntland is lucky, in Nigeria, the people in Niger Delta don't get a penny for the oil they have.

No, ultimately, the oil you are discussing belongs neither to "Somalia" or Puntland (Although we are willing to share with our Darod brothers), it is MAKHIRI oil, which belongs to the sovereign state of Makhir. The oil cannot be extracted or sold without of explicit permission.

Not a single penny of our oil money will touch the South. Majority will go to Maakhir and some to Puntland, because of Darodniimo

It's 2009, not 1645, wake up there is no Maakhir Sultanate.

[Somalian_Boqor]

Yes, a small percentage of the revenue should be allocated to the government. Puntland is lucky, in Nigeria, the people in Niger Delta don't get a penny for the oil they have.

A few billion should be given to the Federal Government to keep the Hutus in the South tamed, I agree.

[The Nomad]

Of course.

Puntland is a state within Somalia,not this current admin though.

I am doubting you are even Darod, now.

The administration doesn't matter. The South doesn't give us the money it makes off bananas, Isaaq-land doesn't give us the money it makes of khat..

Why should we give them HARTI oil?