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Issue 233 - 15 June 2012

Second Dharoor well spuds

Subscriber

Following promising results from its first well in the semi-autonomous republic of Puntland, Canada’s Horn Petroleum has begun drilling the Shabeel North well on the Dharoor Valley Block.

Somalia
Issue 232 - 01 June 2012

SOMALILAND: Jacka Resources farm-in

Subscriber

The government of the breakaway republic of Somaliland has given ministerial approval for Jacka Resources to farm into Petrosoma’s Odewayne Block, taking 50%

Somalia
Issue 232 - 01 June 2012

Puntland well to be tested

Subscriber

There is optimism about Puntland’s oil prospects following news that operator Horn Petroleum plans to test a 12-20 metre pay zone in the Shabeel-1 well on the Dharoor Valley Block, and has moved the rig to drill at Shabeel North

Somalia
Subscriber

Jacka Resources’ arrival as Somaliland’s first new IOC entrant in four years reflects renewed interest in the region’s geology, which could be further spurred by drill-bit success in neighbouring Puntland

Somalia
Subscriber

Range Resources has entered into a memorandum of understanding (MoU) with the autonomous Republic of Puntland government for the Nugaal Basin Offshore Block in the Indian Ocean

Somalia
Issue 228 - 30 March 2012

Somali maritime security developments

Subscriber

Efforts are being made to improve maritime security along the Puntland coast

Somalia
Subscriber

The former president of Africa Oil and Black Marlin is back in East Africa with a new company looking to farm into some of Ophir Energy’s more politically challenging assets

Somalia | DR Congo | Madagascar | Uganda
Subscriber

Ethiopian Electric Power Corporation (EEPCo) has said the breakaway state of Somaliland will be the next beneficiary of its electricity export deals

Somalia | Ethiopia
Subscriber

After East Africa’s offshore gas finds hit the headlines, results from onshore drilling in Puntland and Kenya could further boost expectations in a variety of unproven plays stretching from Djibouti to Zambia. Markets are eager for news, but seasoned geologists are urging caution

Kenya | Somalia | Tanzania
Issue 216 - 24 September 2011

Piracy spreads down the East African coast

Free

The Swahili coast’s upstream petroleum industry is taking shape as pirates step up their activity in an ever wider area.  The US military is playing an active role, but new offshore infrastructure is vulnerable, writes Adrian J Browne. In the past 18 months, eastern Africa’s offshore gas has been put firmly on the map for international companies, but the rush of explorers taking up acreage has coincided with an unprecedented increase in piracy off Somalia. The pirates have broadened their focus in recent years, hijacking fishing vessels for use as ‘mother ships’

Somalia
Issue 216 - 24 September 2011

Puntland vehicle secures well financing

Subscriber

Africa Oil has secured financing for its first well in Q4 by developing a new Puntland-focused company despite a degree of security and contractual risk, writes Adrian J Browne. Somalia’s first exploration well in two decades is expected in the semi-autonomous state of Puntland in November (AE 215/13). The prospect is called Shabeel and is located in the Dharoor Valley Block.

Somalia
Issue 216 - 24 September 2011

New firm takes first PSA

Subscriber

Guernsey-registered Oyster Oil and Gas has signed the first production-sharing agreement with the government for onshore blocks 1, 2 and 4 and offshore Block 3. The blocks are situated in the Guban Basin and Red Sea Basin

Somalia
Issue 215 - 10 September 2011

Plans for Somaliland’s Block 26

Subscriber

Jersey-registered Prime Resources plans 2D seismic in breakaway Somaliland’s Block 26 this year.  “We have put in a lot of preparatory work.  We now need to do 2D seismic.  We are looking at Q4 this year and we are currently in negotiations with two geophysical companies for quotes, and we expect to be in a position to award this at the end of September,” Mohammed Yusef, chairman of Prime and sister company Invicta Capital, told African Energy.

Somalia
Subscriber

It all seems like business as usual. Australian Securities Exchange and Alternative Investment Market-listed Range Resources has announced a new financial agreement with its joint venture partner Canada-based Africa Oil Corporation (AOC), for a second exploration well due to be spudded by September. This will be included as part of AOC’s exploration commitments,which oblige it to spend $22.5m in Dharoor and Nugaal before Range reverts to a contributing basis. A Range company report says AOC has satisfied its commitments with regard to Dharoor, but still has around $15m to pay on Nugaal.

Somalia
Issue 201 - 21 January 2011

Puntland drilling this year

Subscriber

Africa Oil Corporation has extended its production-sharing agreements (PSAs) with the unrecognised republic of Puntland for the Dharoor Valley Nugaal Valley exploration areas.

Somalia