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Issue 155 - 23 January 2009

Big Oil rethinks Somaliland

Subscriber

Major oil companies who declared force majeure on their Somali assets in the 1990s are reviving their claims to blocks in the unrecognised but peaceful Republic of Somaliland (AE 152/15).

Somalia
Issue 154 - 09 January 2009

Puntland democracy confounds IOCs

Subscriber

Like so many frontier explorers confronted by the credit crunch, the group looking for oil in Somalia’s semi-autonomous Republic of Puntland are facing an uphill task to keep funding ticking over. But Australian minnow Range Resources and Canadian farm-in partner Africa Oil Co

Somalia
Subscriber

The breakaway Republic of Somaliland’s reputation as an unusually peaceful haven in the Horn of Africa was shattered by recent suicide bomb attacks, but oil companies say they are committed to what remains a highly prospective area. Both Prime Resources and Asante Oil have reconfirmed their commitment to operate in Somaliland, following three separate suicide bomb attacks

Somalia
Issue 152 - 12 December 2008

Puntland drilling planned for 2009

Subscriber

For all the region’s problems, Canadian minnow Africa Oil announced the completion of a 2D seismic survey in the Dharoor valley of Somalia’s breakaway Republic of Puntland on 3 December. A total of 782km of vibroseis data, comprising a grid of 15 lines, were recorded by the UK’s IMC Geophysical. “Mapping of this combined survey should commence in early 2009 and drilling locations will be selected before the end of Q1 09,” the company said. This should permit mobilisation of a drilling rig before end-2009.

Somalia
Subscriber

Puntland pioneer Range Resources has taken exception to an article in Melbourne daily The Age that said ruling clans in the territory were linked to the recent upsurge in piracy, including the hijack of the Saudi Aramco-owned supertanker Sirius Star, carrying an estimated $100m worth of oil.

Somalia
Subscriber

Lootah Group has joined the quiet flow of Gulf investors who are buying into fractured Somalia and its constituent parts. Despite the piracy and civil war now making global headlines, some areas are still seen by some as ‘virgin territories’ ripe for exploration and investment.

Somalia
Subscriber

Australia's Range Resources says the restructuring of its management team is the beginning of turning Puntland into a ""genuine"" exploration play, though it remains to be seen what will happen if a new president is elected in January.

Somalia
Subscriber

Somaliland has had some success at attracting companies to explore for oil, but is burdened by Somalia’s troubles and by its lack of international recognition, writes Nadine Marroushi.

Somalia
Subscriber

RANGE RESOURCES: Bogor leaves, Povey moves aside; TECHNIP: New Nigerian contract

Somalia | Nigeria
Subscriber

Australian minnow Range Resources and its Canadian joint venture partner Africa Oil have begun seismic operations in northern Puntland’s Dharoor valley. Range said the seismic equipment had arrived at Boosaaso port and some 2,600km of 2D vibroseis would be acquired.

Somalia
Subscriber

Players in the breakaway state of Puntland claimed to be just over two months away from drilling a first well, which may or may not have brought oil to poverty-stricken Somalia.

Somalia
Subscriber

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.

Somalia | Ethiopia | Eritrea
Issue 136 - 12 April 2008

Eritrea desperately seeks investment

Subscriber

One of the world’s poorest countries needs a major oil find to help kick-start its economy. In additional content for subscribers to electronic editions, African Energy looks at some economic and political issues in Ethiopia and Eritrea, and provides an update on oil exploration blocks in the fractured state of Somalia and its territories.

Somalia | Eritrea
Subscriber

Its status is still unrecognised by the international community, and major IOCs who declared force majeure after the 1991 civil war still hold claims to their licences, but Somaliland’s exploration programme is attracting considerable interest from minnows, writes Nadine Marroushi.

Somalia
Subscriber

Oil means everything to Puntlanders, who believe its discovery will lift the Somali region’s people out of poverty, transform the economy into a Dubai-style success story and unite all Somalis.

Somalia