Genel plans drilling on Somaliland block

Issue 453 - 25 Jan 2022 - By James Gavin | 1 minute read

Jersey-registered Genel Energy is planning to drill a well on Block SL10B13 in the unrecognised Republic of Somaliland in 2023, following the signing in December of a farm-out agreement with Taiwan-based CPC Corporation subsidiary Opic Somaliland Corporation. In a trading update on 18 January, Genel chief executive Gill Higgs said the successful farm-out had opened the way to drill an exploration well.

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