Suldaanka Posted November 12, 2019 Presentation by GE regarding SL-10B block, GE has identified from the siesmic data around 12 separate oil fields in the block. With a combined conservative estimate of 1.4 billion equivalent barrels of Oil and initial production capacity of around 50,000 bpd. GE will start drilling for oil in Somaliland in 2020 and is planning to truck the oil to a new Crude Oil Storage facility to be established near Berbera Port. The Crude oil will be shipped to UAE for refinement and eventual selling to the market. Hopefully by 2022, Somaliland will be joining the Oil producing nations. https://www.genelenergy.com/media/2333/genel-somaliland-aow-presentation.pdf Quote Share this post Link to post Share on other sites
Old_Observer Posted November 13, 2019 8 hours ago, Suldaanka said: Presentation by GE regarding SL-10B block, GE has identified from the siesmic data around 12 separate oil fields in the block. With a combined conservative estimate of 1.4 billion equivalent barrels of Oil and initial production capacity of around 50,000 bpd. GE will start drilling for oil in Somaliland in 2020 and is planning to truck the oil to a new Crude Oil Storage facility to be established near Berbera Port. The Crude oil will be shipped to UAE for refinement and eventual selling to the market. Hopefully by 2022, Somaliland will be joining the Oil producing nations. https://www.genelenergy.com/media/2333/genel-somaliland-aow-presentation.pdf Oil anywhere in Ethiopia, Somalia, Djibouti...is all bad news at this time. Its like opening a new front as if there are not enough already. Give contract to Shell and you have Elf financing a sub-clan rebels..It is not worth it at this time. Ethiopia had oil contract with American company when oil in Saudi Arabia has not been found yet. The British overthrew the prince of Ethiopia and that has been Ethiopias pain to this day. The Prince was supported by Somali, Afar, Northern Oromo, Agew and Tigray and the other prince later King Haileslassie was supported by British, French, Amxara and Central Oromo. For 100 years the alignment of forces in Ethiopia has not changed, from the hatred and feeling of being cheated at that time. Quote Share this post Link to post Share on other sites
Suldaanka Posted January 16, 2020 Genel Energy on track to spud the first well in 2020. Currently a huge drilling operations camp being built near Qara Dhagax, Eastern Togdheer. 1 Quote Share this post Link to post Share on other sites
Old_Observer Posted January 18, 2020 Oil is still bad news Nothing good comes of it other than corruption, theft, quarrels and wars. Quote Share this post Link to post Share on other sites
