Somaliland grants Norway's DNO a 2-year exploration extension for the onshore Block SL18, 120 km east of Hargeysa

[Admin]

Norway’s DNO ASA has been granted a 2-year extension on the term of its production-sharing agreement for the 12,000-sq-km onshore Block SL18, 120 km east of Hargeysa, in Somaliland. The company says the first exploration period will now end Nov. 8, 2017.

 

The partners have completed field survey and environmental assessment studies over the block, and will initiate a planned seismic acquisition program once the Somaliland government has implemented a planned oil protection unit (OPU) to support the international oil companies operating in Somaliland, DNO says. The OPU is expected to be operational in 2015.

 

DNO, meanwhile, says it will resume a development program focused on drilling water wells to provide local communities in the areas covered by Block SL18 with potable water, security conditions permitting.

 

DNO operates Block SL18 with 50% interest. The company reached an initial PSA last year (OGJ Online, Apr. 23, 2013).

 

Source: http://www.ogj.com

http://www.somaliaonline.com/somaliland-grants-norways-dno-a-2-year-exploration-extension-for-the-onshore-block-sl18-120-km-east-of-hargeysa/

[burahadeer]

Its 120 km east of Burao NOT Hargeisa

[YoniZ]

security conditions permitting - is the catchphrase here.

[Mooge]

lol. if true Burahadeer that this area is 120 KM east of Burco, then DNO has wasted its money. loool. that is Puntland territory and the SSC garaad clan will never let these mercenary oil companies with their SNM guard lift a small dust let alone dig or search oil there.

 

you can forget about it. thanks for clarifying niyoow. it is a farce deal.

[burahadeer]

you neva tried anything, Laskorey, Talex ,Saaxdheer etc.