Xaaji Xunjuf Posted August 31, 2012 Horn Petroleum’s Somali wells come up dry Mon, Aug 27 2012 * First exploration in conflicted country in more than two decades * Horn Petroleum and partners to drill more wells in Somalia NAIROBI, Aug 27 (Reuters) – Canadian oil and gas exploration company Horn Petroleum said on Monday it had encountered only water in a well it drilled in Somalia’s semi-autonomous Puntland region earlier this year, the first to be sunk in the country since civil war erupted two decades ago. The well, Shabeel North-1, reached a total depth of 3,945 metres and is now being plugged, Horn said. Because there were no shows of oil and gas, Horn Petroleum determined a second well it drilled earlier in the year, Shabeel-1, also was dry and said the company would not test it further for hydrocarbon potential. “While we were disappointed that we were not able to flow oil from the first two exploration wells in our Puntland (Somalia) drilling campaign, we remain highly encouraged that all of the critical elements exist for oil accumulations, namely a working petroleum system,” Horn’s chairman Keith Hill said in a statement. While there has been speculation about finding oil in the anarchic Horn of Africa country for decades, it has no proven hydrocarbon reserves. The prospect of oil beneath Dharoor’s sandy, arid plains has elicited excitement among officials of the impoverished region. The companies estimated there could be as much as 300 million barrels of recoverable oil in the northern part of Somalia. Somalia, mired in conflict since warlords in the early 1990s and then Islamist militants reduced the government to impotence, represents one of the final frontiers in Africa to be explored. Source Reuters Quote Share this post Link to post Share on other sites
Xaaji Xunjuf Posted August 31, 2012 Where is Dr Osman to give us the latest on the oil project in Puntland? Quote Share this post Link to post Share on other sites
oba hiloowlow Posted August 31, 2012 meshii biyo baa laga helay tolka waa nimceesan yiihiin Quote Share this post Link to post Share on other sites
Somalia Posted August 31, 2012 The rig is being moved to Nugaal and we are moving offshore, Reer Bari failed us all. More drilling should take place in Dharoor in the future. Quote Share this post Link to post Share on other sites
Somali philosopher Posted August 31, 2012 Nugaal huh, so does that mean my mudul in burtinle would go up in price Quote Share this post Link to post Share on other sites
Timur Posted August 31, 2012 Somalia;863065 wrote: The rig is being moved to Nugaal and we are moving offshore, Reer Bari failed us all. More drilling should take place in Dharoor in the future. Mujahid Somalia is correct. The oil companies are now trying to get further security permissions to enter Nugaal. Dharoor was simply a litmus test to see if drilling was even possible in Somalia. Nugaal block is much larger and was the original target, but politics got in the way. Somali philosopher;863075 wrote: Nugaal huh, so does that mean my mudul in burtinle would go up in price The rig is moving to some villages south of Garowe and later the coast of Eyl, I'm not sure how that will affect the folks in Burtinle. Quote Share this post Link to post Share on other sites
