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Issue 453 - 25 January 2022

Genel plans drilling on Somaliland block

Subscriber

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.

Somalia
Subscriber

Eni’s Mlima-1 deep-water well in the offshore Lamu Basin has confirmed Kenya’s interest in exploiting its offshore potential only three months after the International Court of Justice ruled against it in a maritime border dispute that places blocks under Somalia’s jurisdiction

Kenya | Somalia
Subscriber

Kenya has vowed not to abide by an International Court of Justice (ICJ) judgement issued on 12 October that found in favour of Somalia’s claim to a contested sea area covering more than 100,000km2 and which contains oil and gas reserves.

Kenya | Somalia
Subscriber

Dubai-based logistics giant DP World has created an investment joint venture with UK development finance institution CDC Group. DP World will contribute its stakes in the ports of Dakar in Senegal, Sokhna in Egypt and Berbera in the Republic of Somaliland and says it expects to invest a further $1bn through the platform in the coming years.

Somalia | Egypt | Senegal
Subscriber

The capacity of its complex clan dynamics and political divisions to derail efforts to improve governance and contain Al-Shabaab is again apparent as the murderous dispute between President Farmaajo and Prime Minister Roble threatens to derail Somalia’s faltering progress. Murky politics leave even the most attractive oil and other assets stranded for want of investors able to mitigate Somalian risk, writes John Hamilton.

Somalia
Subscriber

A rarity until a few years ago, battery and renewable power plants have more recently outcompeted fossil fuel projects without subsidy in several African markets. The AIX: Financing Battery Storage meeting heard about the extent Bess projects are making headway, despite financiers’ reservations.

Kenya | Somalia | South Sudan | Madagascar | South Africa | Mali
Subscriber

German-based microgrid technology provider Dhybrid and Berbera Electricity Company (BEC) have announced the port city is now powered by a recently commissioned city-wide power grid. The project includes two solar PV plants of 8MW total, a 2MWh lithium-ion power storage system and three diesel generators.

Somalia
Issue 438 - 13 May 2021

Kenya/Somalia: Rapprochement

Free

Reports emerged in early May that Somalia and Kenya were restoring diplomatic relations almost six months after severing ties due to tensions over shared oil and gas deposits.

Kenya | Somalia
Subscriber

Somalia’s nascent hydrocarbons sector is emerging as a key battleground in President Mohamed Abdullahi Mohamed’s conflict with rival politicians over delayed elections. The licensing round closing date has been pushed back amid uncertainty over the government’s mandate, writes James Gavin

Somalia
Issue 433 - 25 February 2021

McDade, Cloke join Sterling board

Subscriber

AIM-listed Sterling Energy, whose sole remaining asset is the Odewayne Block in Somaliland, plus $42.9m in cash, has named Tullow’s Paul McDade and Ian Cloke to its board as it seeks to pick up West African producing assets.

Somalia
Subscriber

Preparations to award exploration licences in early 2021 are facing disruption as political tensions resurface ahead of presidential elections set for 8 February. Disputes between the federal government and the regions are far from resolved, and new oil institutions may not be able to withstand political realities, writes James Gavin.  

Somalia
Issue 425 - 22 October 2020

Somalia: Exploration hopes

Subscriber

Somalia hopes that its current licensing round means oil exploration can get under way by Q4 2021.A licensing round offering seven blocks opened in May and is due to close on 12 March. Somali Petroleum Authority (SPA). chairman and chief executive Ibrahim Ali Hussein told the Africa Oil Week virtual conference on 8 October that he expected block awards to be made in early April and companies to mobilise immediately to launch exploration work. “By Q4 next year exploration will start,” he said.

Somalia
Subscriber

The World Bank Group (WBG) on 12 October released details of its $150m Electricity Sector Recovery Project in Somalia. The International Development Association grant is scheduled to be assessed by the board at the end of June 2021.

Somalia
Issue 418 - 26 June 2020

Somalia: New Mogadishu solar park

Subscriber

Beco, Somalia’s main electricity supplier, has announced the commissioning of an 8MWp solar PV plant in Mogadishu. The commissioning of the company’s second solar PV park, which currently provides electricity four hours a day, has already helped achieve its primary aim of cutting the cost of electricity in the Somali capital by reducing the use of diesel generators. According to Beco’s chief engineer, Mohamud Farah, the commissioning of the Mogadishu solar PV plant has seen the cost of power fall from $0.49 to $0.36/kWh.

Somalia
Subscriber

Following the passing of the petroleum law in February, Somalia has announced a slimmed down licensing round offering seven offshore blocks. The blocks on offer are 152, 153, 164, 165, 177, 178 and 204 in the central offshore area. Somalia had previously announced the long- mooted bid round would include 15 blocks.The round is open for bidding from 4 August until 12 March 2021, the Ministry of Petroleum and Mineral Resources said.Terms are based on a model PSC.

Somalia