Macallinka Posted January 17, 2012 Ok, I am really amazed to see those beautiful pictures of the well being dug...now my question is (and am serious ) if tomorrow the oil is discovered , how will it be divided to the rest of Somalia or it will not be shared at all? Quote Share this post Link to post Share on other sites
Macallinka Posted January 17, 2012 WoW Dream comes into a reality , beautiful pictures indeed . Quote Share this post Link to post Share on other sites
Fiqikhayre Posted January 17, 2012 Somalia: Exploratory drilling begins in Puntland 17 Jan 17, 2012 DHAROOR, Somalia Jan 17 2012 (Garowe Online) - The Canadian oil and gas company Horn Petroleum Corporation has begun drilling operations in Puntland state of Somalia, Radio Garowe reports. Puntland President Abdirahman Mohamed Farole opened the ceremony to commence the spudding of Shabeel 1 well in the Dharoor block in northern Puntland. President Farole stated that "If the operation is successful in finding oil, it is an opportunity for the Puntland economy to grow helping create jobs for many people that are unemployed." Drilling operations have also begun in Shabeel North 1 well also located in the region of Nugal. According to Horn Petroleum's press release the drilling for both wells is set to take 90 days to complete and will satisfy the first exploration period work obligations that were signed in the Production Sharing Contracts for both wells. Horn Pertroleum states that both oil prospects have potential oil volumes of over 300 million barrels that are recoverable. This is the first oil exploration wells to be drilled in over 20 years. GAROWE ONLINE Quote Share this post Link to post Share on other sites
N.O.R.F Posted January 17, 2012 MashaAllah. A great development. Striking oil is one thing but refining it and getting it to shore is quite another. Are their any details on the agreement between Horn and Puntland/Somalia? ps such news doesn't need to be littered with statements of hate Quote Share this post Link to post Share on other sites
Somalia Posted January 17, 2012 Beggars will be accommodated. Quote Share this post Link to post Share on other sites
UZTAAD Posted January 17, 2012 the oil is ours and the bulk of the benefits will go to us (oil producing regions) but don't worry you will get some lufluf Quote Share this post Link to post Share on other sites
Shinbir Majabe Posted January 17, 2012 Waxyaabahaas oo dhan waxaa lagu qeexi doonaa Dastuurka Cusub, sida uu sheegay Faroole.. Dhagayso Quote Share this post Link to post Share on other sites
Showqi Posted January 17, 2012 War bal ceelashaa reer Somaliland ha laga ilaaliyo. Waxaan maqlay habeenkii bay dadka ku soo duulaan.......... Quote Share this post Link to post Share on other sites
Somalia Posted January 17, 2012 What are the re-negotiated agreements between Puntland and, Range and Red Emperor? Quote Share this post Link to post Share on other sites
NGONGE Posted January 17, 2012 A PL Petroluem Company will be set up (or is set up already). The board of directors is almost certain to include the current PL president and, by the pictures posted here yesterday, I bet the previous president too. Like other 'oil producing' countries in Africa & Middle East, the president & the board will have the final say on where and what the proceeds go. As for Somalia; have you not been paying attention, adeer? Federalism nooh! Quote Share this post Link to post Share on other sites
OdaySomali Posted January 17, 2012 Lets hope they find oil. It is likely there is also oil in many other regions. Gas is already confirmed so they will find more deposits of that likely. This prospects are very exciting Quote Share this post Link to post Share on other sites
