Archdemos Posted December 21, 2010 CNOOC is trying to win oil concessions directly from Somaliland after initially negotiating with Somalia’s central government, which has no say in Somaliland. Somaliland president Ahmed Mohamed Silanyo is due to fly to China early in the new year in the wake of a visit to the Somaliland last April by a Chinese delegation that included two officials from the China National Offshore Oil Corp. (CNOOC). The Chinese company wants to pick up acreage in Somaliland where Conoco identified oil and gas reserves in the 1980s. CNOOC made an initial attempt to debut in the province in 2006 by negotiating a production sharing contract covering the Mudug area in Somaliland with the Transitional Federal Government (TFG) in Mogadishu. However, the agreement remained a dead letter because Somaliland doesn’t recognize TFG’s authority. As a result, CNOOC switched its strategy early this year in favor of making direct contact with authorities in the province. If the company is awarded concessions it will find itself operating in both a legal minefield and an insecure environment. American companies active in the country until the late 1980s still believe themselves to be owners of their concessions and consider the acreage has simply been placed under force majeure (No. 562). In addition, the Somaliland government has no geological data on its subsoil. The results of drilling campaigns in the 1980s have been retained since the early 2000s by a small British concern, Fugro-Robertson, which has refused to turn them over to the Somaliland government. To make up for that lack of information, Somaliland retained TGS-Nopec in 2009 to acquire 5,300 km of seismic and magnetic data as well as 34,700 km of aeromagnetic data. Source: http://www.africaintelligence.com Quote Share this post Link to post Share on other sites
General Duke Posted December 21, 2010 The Chinese company wants to pick up acreage in Somaliland where Conoco identified oil and gas reserves in the 1980s. CNOOC made an initial attempt to debut in the province in 2006 by negotiating a production sharing contract covering the Mudug area in Somaliland with the Transitional Federal Government (TFG) in Mogadishu. Secessionists are becoming ever more desperate now, they are claiming Mudug? Quote Share this post Link to post Share on other sites
Somalina Posted December 21, 2010 Soon they will claim Hiiran...lol How is that song go horta? Waan soo socdaa, kow dheh. Waxna waan sidaa, laba dheh. Quote Share this post Link to post Share on other sites
Saalax Posted December 21, 2010 There is so many errors in that website i don't know who owns it. Here is the one from Somaliland website. Saalax;680846 wrote: HARGEISA (SomalilandPress)–Somaliland president Ahmed Mohamed Silanyo is expected to pay an official visit to China early next year, at the invitation of Chinese Government. It was earlier in the year when a 14-member delegation from the People’s Republic of China made on official visit to the Republic of Somaliland to study the economic and investment climate earlier in the year. The delegation which consists of some of China’s leading investors, government officials and members of China’s leading media-houses arrived in the capital Hargeisa. Mr. Qi told local press at the time that they were delighted with their trip to Somaliland and expressed their desire to invest in number of places in the country. They praised the people of Somaliland for their warm hospitality and for their achievements without international help. The state-owned China National Offshore Oil Corporation (CNOOC) attempted to acquire an interest in Somaliland potential oil reserves. The Chinese state oil giant, CNOOC, has already won permission to search for oil in part of Somalia, – coming to an agreement in 2007 with Abdullahi Yusuf Ahmed, the then head of the “Transitional Federal Government”, which demonstrates China’s willingness to brave Africa’s most volatile regions in its hunt for natural resources.” CNOOC’s deal with Somalia’s transitional federal government gave it exploration rights in the north Mudug region, some 500km north-east of Mogadishu. China has now approached the government of Somaliland, where earlier surveys also show the possibility of significant oil reserves. It is a truth, overlooked at your peril, that China is steadily building its influence in Africa and the Indian Ocean. Quote Share this post Link to post Share on other sites
General Duke Posted December 21, 2010 lool@Salaax, how can we take this news seriously when the report does not even know where Mudug is located. Now you know they are mixing up Puntland deal with CNOOC and the secessionist traingle. Also the map shows the whole of NW Somalia, will they search every village? Come of it mate.. Quote Share this post Link to post Share on other sites
Qandalawi Posted December 21, 2010 LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL @ MUDUG Being in Somaliland kkkkkkkkkkkkkkkkkkkkkkkkkk This is some crazy staff, the secessionists need to stop the green staff its getting more amusing by the day Quote Share this post Link to post Share on other sites
Xaaji Xunjuf Posted December 21, 2010 obviously that was just a geografical error Just like those mercenaries from south africa who made a geografical error when they landed in Hargeisa Somaliland Don't get too excited pirates no one is after your cursed Mudug. Quote Share this post Link to post Share on other sites
General Duke Posted December 21, 2010 ^^^You are wrong Xaji-Canduf, Mudug has a great deal of Oil and CNOOC is after that. Siilanyu is going to purchase some cheap shoes from China and ship it to Hargaysa, yup.. Quote Share this post Link to post Share on other sites
Gheelle.T Posted December 21, 2010 lol@cheap shoes.. You guys missed the whole point of the article ... It's all about Siilaanyo's red carpet:) Mr. Guddi must be so obsessed with the red thing on the ground eh? Quote Share this post Link to post Share on other sites
Jacaylbaro Posted December 22, 2010 I'm still not sure about this news ......... Quote Share this post Link to post Share on other sites
Gabbal Posted December 22, 2010 Immaturity concerning international and standing is missing in this forum and has been missing for some time. In hindsight, I should have said this when the Puntland oil talk was its peak but the reality is Chevron, Conoco (or ConocoPhillips now), and Mobil own most inches of Somalia for exploration from the southern regions to the Guban area in the northwest. Under international law, as achieved with the legitimate Somali government at that time, they are the legally binding holders of concession under the hydrocarbon laws adhered to by the international community. No illegitimate entity in Somalia can give away what is theirs and no international country, whether China or Russia even, can contest the manpower if any of those individual companies were to seriously assess intrusion on their rights of concession in Somalia. In 2007, Conoco said it has no plans to go into Somalia any time soon but has a special branch for protecting their interests there in this current climate. Where do you entertain impoverished tribal regions of a failed state will contest what is already claimed by companies more powerful and wealthier then majority of the world's nations? Big Oil is a world superpower itself. Quote Share this post Link to post Share on other sites
Jacaylbaro Posted December 22, 2010 ^ ^ Says Gabbal on behalf of Farmaajo ,,, Quote Share this post Link to post Share on other sites
NGONGE Posted December 22, 2010 Gabbal;681912 wrote: Immaturity concerning international and standing is missing in this forum and has been missing for some time. In hindsight, I should have said this when the Puntland oil talk was its peak but the reality is Chevron, Conoco (or ConocoPhillips now), and Mobil own most inches of Somalia for exploration from the southern regions to the Guban area in the northwest. Under international law, as achieved with the legitimate Somali government at that time, they are the legally binding holders of concession under the hydrocarbon laws adhered to by the international community. No illegitimate entity in Somalia can give away what is theirs and no international country, whether China or Russia even, can contest the manpower if any of those individual companies were to seriously assess intrusion on their rights of concession in Somalia. In 2007, Conoco said it has no plans to go into Somalia any time soon but has a special branch for protecting their interests there in this current climate. Where do you entertain impoverished tribal regions of a failed state will contest what is already claimed by companies more powerful and wealthier then majority of the world's nations? Big Oil is a world superpower itself. That as maybe but Oil companies (Africa Oil & Range Resources) are ignoring it all and getting on with the job of digging for oil in PL. I once had an investment analyst strongly advising me to buy shares in Africa Oil because of the PL link (and these boys do not make such recommendations lightly). Quote Share this post Link to post Share on other sites
Jacaylbaro Posted December 22, 2010 Waa budhcad saliideed ,,,,, Quote Share this post Link to post Share on other sites
SayidSomal Posted December 22, 2010 Gheelle.T;681842 wrote: lol@cheap shoes.. You guys missed the whole point of the article ... It's all about Siilaanyo's red carpet Mr. Guddi must be so obsessed with the red thing on the ground eh? Quote Share this post Link to post Share on other sites