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General Duke

Somalia; Puntland Oil international media PICS

By General Duke, in Politics

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General Duke   
General Duke
Posted

Oil exploration begins in Somalia

Wed Jan 18, 2012 4:42AM GMT

 

Engineers and visitors explore an exploratory well near Dharoor town, 350 km (217 miles) from the port of Bosasso on the Gulf of Aden in Puntland January 17, 2012.

A Canadian oil company says it has begun drilling exploratory oil wells at two locations in Somalia's impoverished region of Puntland.

 

 

Canada's Horn Petroleum Corporation, a unit of Africa Oil, said in a Tuesday statement that it is "pleased to announce the spudding of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia... operations have also commenced on the Shabeel North-1 well."

 

The drilling is expected to take about three months and that the recoverable oil is estimated at around 300 million barrels, the Vancouver-based company said.

 

During a ceremony on Monday, Puntland President Abdirahman Mohamed Farole said the well drilling was "a big day for the people of Puntland and Somalia in general."

 

"We will be no longer begging people for resources after the drilling of the oil wells," he said.

 

"Our young educated men and women will not suffer unemployment, everyone including ordinary laborers will have their opportunity," Farole went on to say.

 

The wells are the first to be sunk in the war-torn country since civil war erupted two decades ago.

 

Somalia has been without a functioning government since 1991, when warlords overthrew former dictator Mohamed Siad Barre.

 

Strategically located in the Horn of Africa, Somalia is one of the countries generating the highest number of refugees and internally displaced people in the world.

 

MN/DB/AZ

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General Duke   
General Duke
Posted

First oil well drilled in war-ravaged Somalia for 20 years

(AFP) – 21 hours ago

MOGADISHU — Drilling has begun on the first oil well in war-torn Somalia in 20 years, as Canada's Horn Petroleum Corp. broke ground on an exploratory site in the breakaway region of Puntland, officials said Tuesday.

In a statement received Tuesday, the company said it is "pleased to announce the spudding of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia... operations have also commenced on the Shabeel North-1 well."

Puntland President Abdirahman Mohamed Farole in a ceremony Monday said the well drilling was "a big day for the people of Puntland and Somalia in general."

"We will be no longer begging people for resources after the drilling of the oil wells," he said.

"Our young educated men and women will not suffer unemployment, everyone including ordinary labourers will have their opportunity."

Security was tight at the site, with hundreds of heavily armed troops deployed to protect the petroleum operations, officials said.

The United Nations says Somalia is the world's worst humanitarian crisis, while regional armies and the Western-backed government are fighting Al-Qaeda linked insurgents in the south. However, security is better in northern regions.

Horn, a unit of Africa Oil Inc. has a 60 percent stake in -- and is operator on -- the Dharoor and Nugaal blocks in semi-autonomous Puntland.

The other partners on the Dharoor block are Range Resources Ltd. and Red Emperor Resources NL, both of Australia, each with a 20 percent interest.

"Somalia, and in particular Puntland, remain one of the last under-explored countries that have high potential for vast reserves of hydrocarbons," Range Resources said in a statement.

The company said Somalia was divided up in the late 1980s into a number of oil exploration concessions, but that exploration ceased with the start of the still-raging civil war in 1991.

It noted a World Bank coordinated study aimed at encouraging private investment in the oil potential of eight African nations put Somalia and Sudan, at the time still a unified nation, at the top of the list of potential commercial oil producers.

Africa Oil is a Vancouver, BC-based hydrocarbons exploration company that also has interests in exploration licenses in Kenya, Ethiopia and Mali.

Red Emperor Resources has interests in Georgia as well as in Puntland.

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burahadeer   
burahadeer
Posted

you know there's crisis when you see all these threads about Puntland & oil! trying to cover what happened in Buhoodle & west Galkacyo..LOL.....

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The Hermet   
The Hermet
Posted

As if being a "Secessionist" is an insult... Secession from what..from Somalia the worst and most failed state in the world..aniga ha ila yabin...with people like yourself who post 40 threads about a hole in the ground with no tangible oil export capability in sight for decades to come. Envy puntland? saxib..please...i pity Puntland..no envy just pity...anywhoo like i said to Somalia enjoy your hole in the ground..lets see were it takes you. If it works out all the best...if its another dream seeing your dreamers..then dont say i didnt tell you.

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