A ‘virgin area for rank exploration’: intrepid IOCs take a walk on the wild side in the Horn
Issue 136 - 12 Apr 2008
As intrepid IOCs, most of them minnows, dip a toe into Ethiopia and Eritrea, and make plays to secure potential future reserves in Somalia and its autonomous territories, the Horn may yet prove to be the last productive frontier in the annals of African oil search. African Energy last issue reported from fractured Somalia’s Puntland territory. Below, Eleanor Gillespie analyses E&P prospects in Ethiopia and Eritrea, while Nadine Marroushi reports on developments in Somaliland.
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