Somaliland: International companies to begin oil exploration

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Adan_1
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Somaliland: International companies to begin oil exploration

Post by Adan_1 »

HARGEISA — Genel Energy and other international firms are moving ahead with plans to explore for oil in Somaliland, a development that officials hope will lead to prosperity and job creation in the region.

In early December, Genel Energy will start taking aerial pictures of Somaliland’s Togdheer region to look for oil deposits, according to Somaliland’s Minister of Mining, Energy and Water Resources Hussein Abdi Duale.

“The aerial search will be followed by oil exploration work, which will start in the beginning of 2013,” Duale said October 3rd as he welcomed a delegation from Genel Energy, which is headquartered in Turkey.

The company will use seismic vibrators to explore for oil and will then drill wells, he said. “This will be the first time oil is drilled in the country in 20 years.”

Duale said Genel Energy reached a working arrangement with Britain-based oil company Asante Oil, which had an initial agreement with the ministry to search for oil.

“Genel Energy’s role in this work will be 70%, and we are happy they will start this work in Somaliland … We hope that oil will be discovered in our country so we can prosper,” he said.

The delegation visited Burao, capital of the Togdheer region, on October 4th to assess the security situation for Genel Energy’s future office there.

Australia-based oil company Jacka Resources, Ltd. will also work with Petrosoma, Ltd., based in the United Kingdom, to begin aerial exploration at the end of October and will photograph 10,000 square miles, said Petrosoma’s information officer in Hargeisa Mohamed Elmi Abdalle.

Abdalle told Sabahi they will transition to ground exploration in January, with the initial phase of the project costing $10 million.


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X.Playa
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Re: Somaliland: International companies to begin oil explora

Post by X.Playa »

Ophir, go to their website and see how Riyaale and Udub signed a 2% Somaliland and 98% Ophir agreement with these guys , i was shocked how Udub can sink that law, the Udub goverment granted all saaxil right for exploration to Ophir, where Ophir and UAE company takes 98% . and Somaliland 2%.
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Re: Somaliland: International companies to begin oil explora

Post by sunnahswag »

X.Playa wrote:Ophir, go to their website and see how Riyaale and Udub signed a 2% Somaliland and 98% Ophir agreement with these guys , i was shocked how Udub can sink that law, the Udub goverment granted all saaxil right for exploration to Ophir, where Ophir and UAE company takes 98% . and Somaliland 2%.
is der any way da new govt can renegotiate a new deal if not locals should fight back like da Delta regions in west africa.
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Re: Somaliland: International companies to begin oil explora

Post by Siciid85 »

Went to the Genel Energy website they haven't uploaded anything regarding the SL13/GL14 area. Does anybody have data of the exact locations Astante oil was about to
explore previously in SL13/GL14? i like the actuality of this company's exploration rights expanding into our western/northern areas of Sool, which previously not many companies
ventured into it following the collapse of the former Somalia government.

http://www.genelenergy.com/index.php?sf ... 58;void(0)
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Re: Somaliland: International companies to begin oil explora

Post by LiquidHYDROGEN »

X.Playa wrote:Ophir, go to their website and see how Riyaale and Udub signed a 2% Somaliland and 98% Ophir agreement with these guys , i was shocked how Udub can sink that law, the Udub goverment granted all saaxil right for exploration to Ophir, where Ophir and UAE company takes 98% . and Somaliland 2%.
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This is why I say somalis shouldn't touch their mineral resources until they've developed politically and have the capital to extract it themselves.
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greenday
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Re: Somaliland: International companies to begin oil explora

Post by greenday »

2% of the profits :? are there any other benefits? like they will build the whole of SL? if not then its a joke :wtf:
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Re: Somaliland: International companies to begin oil explora

Post by ZubeirAwal »

abdi.ismail wrote:
X.Playa wrote:Ophir, go to their website and see how Riyaale and Udub signed a 2% Somaliland and 98% Ophir agreement with these guys , i was shocked how Udub can sink that law, the Udub goverment granted all saaxil right for exploration to Ophir, where Ophir and UAE company takes 98% . and Somaliland 2%.
Image

This is why I say somalis shouldn't touch their mineral resources until they've developed politically and have the capital to extract it themselves.
:up:
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Re: Somaliland: International companies to begin oil explora

Post by DayaxJeclee »

Taano iyo kumi haddiis tahay, maan anagoo dhan gadano. shan shantoo intaa iska aruurino
Isbahaysi dadkee oo dhan :steviej:
Last edited by DayaxJeclee on Sat Oct 13, 2012 10:47 am, edited 1 time in total.
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greenday
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Re: Somaliland: International companies to begin oil explora

Post by greenday »

Maybe its just for a year, does anyone know how long the contract is for?
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Re: Somaliland: International companies to begin oil explora

Post by Siciid85 »

It hasn't been approved by the Somaliland parliament, wa ina parliamentka la horgeeyo marka hore. There is a high chance it might be rejected.
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