Somali geophysicist says the we may have 80 billion barrels of oil

[Timur]

Dissident Nation: What is your background in oil and natural gas?

 

Abdillahi Mohamud: I have worked the past several years in the North American petroleum industry as an exploration geophysicist and drilling engineer specializing in tight reservoir oil and gas extraction.

 

Dissident Nation: What is your educated estimate of Somalia’s total oil and natural gas reserves?

 

Abdillahi Mohamud: The EAEF’s team of engineers are currently working on our own internal estimates for the country’s total in-place reserves, likely in the 40-80 billion barrels recoverable range. This project will provide the Somali people and government extra ammo at the negotiating table by knowing beforehand what their resources are worth. It also will force foreign oil companies to be transparent and non-corrupt in their estimates.

http://dissidentnation.com/exclusive-interview-with-the-east-africa-energy-forum/

[Che -Guevara]

lol@dissentnation

[Somalia]

What's wrong with the interview? But no way 80 billion, the guy is dreaming not enough has been researched to make that statement.

[Timur]

Somalia;855215 wrote:

What's wrong with the interview? But no way 80 billion, the guy is dreaming not enough has been researched to make that statement.

The guy is not misguided in any way, some Somali government guys told Guardian the same thing a few months back. I think the brother knows what he's talking about. Check out this hour-long presentation he did a while back.

 

[Somalia]

You may have a point, read this article from UPI a few days ago.

 

MOGADISHU, Somalia, Aug. 3 (UPI) -- The military offensive by Kenyan and Ethiopian forces against Islamic al-Shabaab fighters is gearing up for an assault on the Indian Ocean port of Kismayo that's increasingly seen as a key element in a brewing dispute over oil and natural gas.

 

 

 

Read more:

http://www.upi.com/Business_News/Energy-Resources/2012/08/03/Somali-war-linked-to-brewing-oil-dispute/UPI-76151344016405/#ixzz22pfD5tbV

[Timur]

Exactly. Everyone has their eye on Puntland when in reality there is a huge stakes game going on in the coast of the Indian Ocean, mainly off the coast of the Jubbas. Recently Tanzania and Mozambique broke records for natural gas reserves, and Somalia is a major part of that East Africa coastal rift - I see no problem with Abdillahi's figures.

[GaraadMon]

Somalia;855215 wrote:

What's wrong with the interview? But no way 80 billion, the guy is dreaming not enough has been researched to make that statement.

Indeed, the two wells dug in Puntland this year are looking like duds (still waiting for a hail mary). If he's talking offshore,, it could be a trillion barrels or 3 mL. Heck it could be Natural Gas for all we know.

[Jacaylbaro]

You Mean Water ??

[Somalia]

Jacaylbaro;855280 wrote:

You Mean Water ??

No sxb, they found oil in the first well but maybe not enough for commercial production and the other one they are still drilling but they found water there, and lets just say that's ...

[Timur]

Jacaylbaro;855280 wrote:

You Mean Water ??

In case you forgot, Somalia includes your beloved khat-consuming region, but perhaps you are too high to digest that piece of information.

[Jacaylbaro]

Water ??

[Raamsade]

You guys are in for a shock. Somalia has next to little resources of any value. Yes, there are the occasional iron deposits here and there, a little oil and gas perhaps enough to satiate Faroole unquenchable thirst, and some marine resources. Lets look at this objectively boys and girls.

 

For all its vastness the Somali coast line is remarkable for its barenness. At the height of Somali fishing industry when there are no less thatn 4/5 large trawlers in operation along with dozens of modern fishing boats, Somalia hauled in no more than 300k metric tons of fish. That's paltry sum by international standard set by nations like Japan, Thailand even Spain. Of all the studies on Somali marine resources I've read not one has put the potential annul catch at more than 500k-1m metric tons. That's telling. The one advantage we have is the seasonal migratory fish that come our away (I think every fall). Other than there are is hardly any marine resources to speak of.

 

The story doesn't get any better on land either. We have no substantial and demonstrated minerals resources. No huge iron ore, copper, zinc, aluminum, cobolt, tin, bauxite etc deposits. The monotony of fauna and flora in Somalia is only surpassed by the world-famous daftness of Somalis. No biodiversity allowing diversified modes of living. There is a reason why 90% are pastoralists or agropastoralists (farming for half of the year, tending lifestock the other half), it didn't come about by osmosis. And then we have surely the ugliest, the most useless animal ever created by Allah the camel. Apparently Somali houses half of the world's one-hump camels. Any country that is home to so many camels is surely cursed.

 

Then there is dearth of the bare essentials of life - water, good land and reliable climate. There is more water in the Sahara than in Somalia. That is fact. The deserts of Libya and Egypt contain lakes upon lakes of fresh groundwater. Allah bestowed the mighty Nile on Egypt whereas in Somalia he gave us puny rivers more fitting of creek/stream designation. Less than 10% of our land is arable and that is only useful if you have sufficient rains and water for irrigation. Even though some regions of Somalia get the requisite 500 mm of rain for rainfed farming, that isn't enough as Somalia's scorching sun absorps all moistures out of the ground. So we need to augment that with irrigation to get good yields. And Somalia has one of the most unpredictable weather batterns for any nation on the globe.

 

Clearly Allah was working on a tight budget when created Somalia. He gave all the good land and resources to other nations leaving us with the leftovers.

[Raamsade]

Apophis, sources for what? That Somalis are dumb and camels are ugly?

 

Seriously, check out FAO a treasure trove of data on Somalia mostly covering FAO's area of expertise (agriculture). There is also World Bank study in the 1980s about Somali marine resources that I kept on my hard-drive but can't find it now. Quick google search should fetch it up.

[burahadeer]

https://www.cia.gov/library/publications/the-world-factbook/fields/2111.html

 

 

 

CIA fact book

 

"uranium and largely unexploited reserves of iron ore, tin, gypsum, bauxite, copper, salt, natural gas, likely oil reserves."

 

add the agriculture belt of the Jubas and fishery of the sea.Somalia has the largest Tuna belt in the world($6-10 billion) a year.All scooped by foreign trawlers.Have the link...need to dig.

[burahadeer]

^^^ there should come the greatest effort to make use of marine life..we could be well off only by itself..no reason to be hungry..

 

 

http://www.somaliaonline.com/community/showthread.php/63651-Somali-pirates-reduce-illegal-tuna-haul(-6billion-a-year).

 

BBC one minute world news.

 

The coast of Somalia is rich source of tuna from August to November

Piracy off Somalia's coast is a cause of falls in tuna catches in the Indian Ocean - one of the world's richest sources of the fish, experts say.

The head of the Indian Ocean Tuna Commission, Alejandro Anganuzzi, said catches fell by about 30% last year, seriously affecting the industry.

The Seychelles economy has been badly hit as many foreign fishing fleets are based there.

The reduced supply because of piracy has also driven up the price of tuna.

Ship seizures

The Indian Ocean tuna industry is said to be worth up to $6bn.

Last year Somali pirates took 42 commercial ships with crews hostage, according to the International Maritime Bureau, including the biggest oil supertanker ever captured.

A number of countries began naval patrols off East Africa and in the Gulf of Aden to try to combat the attacks.

With the threat still present, fishing fleets have had to move further east from the Somali coast, Mr Anganuzzi told Reuters news agency.

About 40% of Seychelles's foreign earnings come from tuna and related industries, the IOTC said.

French and Spanish fleets based in Seychelles caught only 50% of their expected catch.

The fleets usually catch nearly two-thirds of the year's haul off Somalia between August and November, he said.

Seychelles is paid per tonne of fish landed for port facilities and reduced catches mean fewer calls to port.

"The pirates' biggest impact, however, is reduced supply, driving prices up," the head of the Seychelles Fisheries Authority, Rondolph Payet, told Reuters.