Puntland oil drilling to start soon.....

[General Duke]

President Cade Muse Boqor has placed a great deal on the potential of Puntland states oil resources, to transform the prospects of its people.

 

The firts oil drilling is set to start between June and August of this year..

 

If his efforts result in oil it will be a great development and one that will change Somalia for ever.

[General Duke]

[General Duke]

Range website

 

 

Puntland delegation visit to Australia

Press release

[General Duke]

Africa Oil Corp. is a Canadian oil and gas company with interests in exploration licenses in Puntland, Somalia.

 

The Company's shares are listed on the TSX Venture Exchange under the symbol "AOI".

 

Africa Oil Corp.

Suite 2101 - 885 West Georgia Street

Vancouver, British Columbia

Canada V6C 3E8

[General Duke]

Work Programm

 

A comprehensive seismic reprocessing program, including review and integration of all geophysical and geological data, has been successfully completed on the Nogal Block.

 

The Company has entered into a contract for a drilling rig to begin drilling in our Puntland concessions during 2008. The contract effective date is February 19th, 2008 and covers the drilling of two wells with a two well option. It is a standard day rate contract and was negotiated at competitive rates. The first well is expected to spud in July 2008.

 

A drill program is also being planned for the Dharoor Block to follow the drill campaign at Nogal. The Company is scheduling a major seismic acquisition program over the Dharoor area and expects a seismic crew to be mobilized in early 2008.

 

source

[General Duke]

February 2008

 

The Company has entered into a contract for a drilling rig to begin drilling in our Puntland concessions during 2008. The contract effective date is February 19th, 2008 and covers the drilling of two wells with a two well option. It is a standard day rate contract and was negotiated at competitive rates. Drilling will begin before the commencement deadline date of August 1st, 2008.

 

The contract was signed with Energi Tata Persada Pte Ltd (ETP), a Singaporean registered company. ETP is a wholly owned subsidiary of Catur Khita Persada, an Indonesian oil and gas service company. They own four land drilling rigs and perform extensive turn key drilling projects in Indonesia. ETP have employed Roger Boyco to manage the Puntland project. He has over 30 years experience managing land drilling projects around the world.

 

The ETP rig No 3 is a brand new package currently being constructed in the Shengli fabrication plant in Dongying, China. Shengli currently have nine drilling units under construction for international drilling contractors. The ETP rig is scheduled for delivery in mid May, 2008 and will immediately mobilize to Jebel Ali, Dubai. The mobilization into Somalia will be via chartered vessel and the current plan is to spud the first well during July.

 

The ETP No 3 is a 1,500 HP unit, equipped with the latest drilling technology, including a top drive and three 1,600 HP pumps. The camp facility will house up to 150 persons and will also be brand new. ETP will also provide the trucking and hoisting equipment as part of their contractual obligations.

 

source

[General Duke]

March 2008

 

Mobilization of casing and camp construction equipment is underway in preparation for spudding the first of an initial two well program on the Nogal Block in Puntland, Somalia. The equipment is currently in Djibouti and is anticipated to arrive in Somalia within the next week. The first well is expected to spud in July, 2008.

 

The Company has farmed into an 80% interest in the Nogal and Dharoor blocks. The concessions encompass two highly prospective hydrocarbon basins and cover an area of 81,000 square kilometres or more than 20 million acres.

 

The two sedimentary basins were contiguous with the prolific Marib and Masila basins in Yemen during the Jurassic and Cretaceous periods. Over 9 billion BOE have been discovered in Yemen but exploration has been limited to date in Somalia. Only 3 wells have been drilled in basinal settings in these concessions before operations ceased in the early 1990's. Those wells confirmed thick sedimentary sequences, encountered oil in Cretaceous sandstones and proved the presence of active petroleum systems in both basins.

 

In the Nogal Basin, Africa Oil has acquired all of the more than 4,000 kilometres of good quality 2D data which was recorded in the late 1980's. This has enabled the Company to work up an inventory of drilling prospects from which the first two well locations will be selected.

 

At the Dharoor Block, the Company has finalised a contract for shooting approximately 2,600 kilometres of 2D seismic. The seismic crew is expected to be on the ground in Puntland

[General Duke]

[Peace Action]

Thanks General for the updates. Once the initial tests reveal oil, watch for the big oil companies to become interested because they alone have the billions to recover oil.

[Koora-Tuunshe]

Part of Nogal block is under occupation, and parts of Dharoor block(Makhir) and Al Mado(Maakhir) refused to be part of the exploration deals.

 

Let us be honest with the reality on the ground.

[Som@li]

Odaygii Uusay waxa ay gaga dhegtay batrool, sida uu ugu riyoonayo isagoo BOQOR meesha ka noqday baa loogu iman,war waxu dulisanaa. :mad:

[Miskiin-Macruuf-Aqiyaar]

LoL at Uuseey.

[Emperor]

I have my reserversation for the way this project is managed but on the whole I agree it will be a great move towards the righ direction for Puntland and the rest of Somalia.

[General Duke]

There is no disputed areas people.

The exploitation will start with the Nugaal areas near the capital Garowe, this is the prime area were they belive Conoco found taped oil.

Those who want disputes will get none.

 

Also an important area is the Ofshore of the indian ocean red sea areas.

 

We need to get foreign investment, and Cade Muse has dared. Those who dare win.

 

As for the clan arguments here, those who want exploration will get it, those who dont have the right not to get it

 

Nobody will be forced.

[General Duke]

source

 

...This as an article on African Energy.

It discusses the realities, the main issues, security, clans and even touches on the secessionists and the Al-Shabaab.