Somaliland Oil Exploration Operations Continue

[LiquidHYDROGEN]

Somaliland :Genel Energy to Resumes Oil Exploration Operations

(SomalilandPress)The Somaliland government officials and representatives of the Oil Company Genel Energy today in a joint press conference announced the resume its operations in Somaliland.

A large delegation from Genel Energy led by the Company’s CEO, Tony Hayward, arrived in the country this morning in a bid to meet with the Somaliland Government officials headed by President Silanyo.

Genel Energy acquired significant acreage in Somaliland in 2012, investing in two large blocks in central Somaliland and assuming operatorship for both blocks.

The company committed to and implemented an extensive exploration work program and completed environmental impact assessments and aerial surveys. Preparation work for acquiring seismic data began in earnest and nearly 400km of lines were cleared to shoot 2-D Seismic when the company halted its operations in early September 2013 due to operational challenges, including some security concerns.

Throughout the halt in operations the Government of Somaliland and Genel Energy continued a constructive dialogue, culminating in the company’s return to Hargeisa.

In a statement the Minister of Energy and Minerals, Hon. Hussein Dualeh said:

“We are pleased to receive Mr Hayward and his Genel team back to Hargeisa. As this visit proves, Genel is committed to operating in Somaliland, it is here to stay and find oil for the benefit of the Somaliland people and its shareholders.”

The Somaliland government is committed to working closely with Genel Energy to help facilitate and the continued success of this important national project.

Somaliland is an island of peace in a difficult region. The government has worked hard to ensure security and protect the country’s borders.

“The Government has taken bold steps to protect and take full ownership to ensure the success of the exploration effort and we shall work with our partners we shall embark on a major public awareness and engagement with the community and to establish a security protective force to protect to ensure the safety of expatriates while executing their operation before any major operation begins.

On his part Tony Hayward who heads the Genel energy said, “I and my team come to Hargeisa today to reassure His Excellency President Ahmed Mohamed Mahmoud (Silanyo) and his ministers of our commitments to Somaliland, we have invest over 34 million dollars and we intend on continuing to pursue our work program here in Somaliland and with luck and good fortune we hope to find Gas and Oil for the benefits of each and every one in Somaliland.

“We have had very constructive and sustainable dialogue with the President and his ministerial team about how we can progress our work in Somaliland.

SomalilandPress.Com

http://somalilandpress.com/somaliland-g ... ions-46326

[original dervish]

Where has he invested the money?
I haven`t seen jack....just a few land cruisers.

Where are the rigs and seismic trucks?

[Gabre]

Is it a coincidence that Ranger has also returned a few days ago to Puntland (for the 3rd/4th time?) to restart oil exploration efforts?

[original dervish]

no.....perhaps these small companies are fronting for the big boys.

[Nomand]

Lets be real if Somaliland had oil it would have been recognized long time ago. South Sudan is created by oil companies same would have done for somaliland in 90s

[HooBariiska]

^ u saying we don't have oil?

[Nomand]

^ u saying we don't have oil?

you have oil but not enough for real drilling and exporting.

[HooBariiska]

^ u saying we don't have oil?

you have oil but not enough for real drilling and exporting.

Not true mate, we got more oil reserves than SOUTH SUDAN. Thats a fact

[Nomand]

^ u saying we don't have oil?

you have oil but not enough for real drilling and exporting.

Not true mate, we got more oil reserves than SOUTH SUDAN. Thats a fact

if that is the case then why go to south sudan? a landlocked region that is far more unstable then somaliland which has a big port in berbera and can easily transport via the suez canal to mediterranean sea and atlantic ocean.