Somalia; Puntland Oil international media PICS

[Dr_Osman]

Burahadeeer is furious he knows he is being left behind!!! But no need to take it out on us. Somaliland oil is minimal at best. Other then guban area they have no other. Awdal doesnt have the terrain nor does sanaag or waqoyi galbeed. Sool does and if anyone getting that I doubt it u. It will be Puntland or Khatuumo State but most likely Puntland since concessions have been sold so Puntland will need to work something out with SSC!!! Remember this was all done with SSC permissions the garaads endorsed Puntland up untill a few weeks ago!!!

 

Puntland has the right terrain for oil in all her regions except the sanaag area to produce oil. Especially Nugal-Mudug-Bari-Sool Basins and then there is offshore capabilities and somaliland only has half the red sea the rest is puntland and then there is long indian ocean coastline that is proven oil producers and shares the same terrain as yemen's offshore basins!!!

 

Everyone knows most of Somalia oil is in the north-east.

[Dr_Osman]

Burah adeer we just working with a much larger land-area then somaliland is. This is where having big land comes into play!!! If somaliland even is about muster a few million barrells from guban which I doubt even if they are puntland is working with 5 times the bigger land with identical matching terrain in yemen.

 

I am telling u now. Most of Puntland's oil is in the offshore mark my words now!!!

[Fiqikhayre]

Canada's Africa Oil spuds oil well in Somalia

 

Mon, Jan 9 2012

 

 

By Abdiqani Hassan

 

DHAROOR, Somalia, Jan 17 (Reuters) - Canadian oil and gas exploration company Africa Oil Corp. began drilling an exploratory well in Somalia's semi-autonomous Puntland region on Tuesday, the first to be sunk in the country since civil war erupted two decades ago.

 

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 excited officials of the impoverished region.

 

"Soon Puntland will be out of hunger and shall stop asking assistance from the international community. We shall never beg, we shall be begged if the fuel comes out," Puntland President Abdirahman Mohamud Farole said at the spudding ceremony.

 

"This fuel well is not only for Puntland. It will benefit all Somalis if Somalia becomes one with a common constitution," Farole said, while laying a foundation stone.

 

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.

 

Africa Oil and its partners in the two Puntland licences, Australia's Red Emperor and Range Resources, target prospective resources of over 300 million barrels of recoverable oil.

 

Horn Petroleum, a newly created oil explorer focused on Puntland, is drilling the Shabeel-1 and Shabeel North-1 wells within the Dharoor Valley block. Africa Oil has a 51 percent stake in Horn Petroleum.

 

"The drilling of Shabeel-1 fuel well is not a one-day decision; it came after much effort and agreement with Puntland," David Grellman, Horn Petroleum's president and CEO, said.

 

Dozens of workers buzzed around the site under the gaze of heavily armed Puntland troops. Shabeel-1 was spudded on Tuesday, and drilling operations have also started at Shabeel North-1.

 

The drilling in the Dharoor valley is a milestone in evaluating Somalia's oil potential, Grellman said, adding that the drilling would last 90 days.

 

The site is a humid, barren area of about 2,600 sq km (1,004 sq miles) near Dharoor town, some 350 km (217 miles) from the port of Bosasso on the Gulf of Aden.

 

The Shabeel-1 and Shabeel North-1 prospects are located on a Jurassic aged rift system, which is part of the same system that has proven to be highly productive in Yemen.

 

Puntland's government signed a production-sharing deal in January 2007.

 

Puntland faced stiff opposition from the Western-backed interim government at the time, part of which refused to honour a 2005 deal reached with Australian independent Range Resources, giving it exclusive rights over all minerals and petroleum.

 

Relations between Mogadishu and the Puntland authorities are on the mend. A new U.N.-backed roadmap targets a new federal constitution that brings the semi-autonomous regions into a closer relationship with central government.

 

Africa Oil said last year it planned to drill up to eight wells in blocks it holds interests in across east Africa, including the two in Puntland. (Writing by Abdi Sheikh; Editing by Richard Lough and Jane Baird)

[Fiqikhayre]

Somali region of Puntland begins drilling for oil

 

 

(AP) NAIROBI, Kenya — Africa Oil says it has begun drilling for oil in Somalia's semiautonomous northern region of Puntland.

 

A Tuesday statement says the company is drilling a well in the Dharor Valley and will shortly begin drilling another one in the Nugal Valley, both in south-central Puntland. The statement says the two regions are part of a geological system that has already produced oil in Yemen.

 

It should take about three months to complete the two wells.

 

The statement says the two wells are the first wells to be drilled in 20 years in war-ravaged Somalia, which has not had a stable government for 21 years

[Fiqikhayre]

Breaking News on VOA

 

Oil Drilling Begins in Somalia’s Puntland

 

Posted Tuesday, January 17th, 2012

 

A Canadian oil company says it has begun drilling for oil at two locations in Somalia's semi-autonomous Puntland region.

In a statement Tuesday, Vancouver-based Africa Oil says Horn Petroleum, a unit of the company, is drilling wells in the Dharoor Valley and at Shabeel.

 

It says both prospects are located along a rift system that has produced oil in Yemen.

 

The company says it will take about three months to access the recoverable oil, which is estimated at around 300 million barrels.

Africa Oil says the oil exploration wells are the first to be drilled in more than 20 years in war-torn Somalia.

 

Horn Petroleum President David Grellman says the company has strong support from the Puntland government and local communities, who he says are eager to see development resume in the region after years of strife.

[OdaySomali]

We are talking an estimated 4bn barrels of oil in that particular oil field :D

 

see: BBC.co.uk/news

[Taleexi]

haa 4bn barrels of oil. Ma Soomaali baaba sii murmi lahayd.

[General Duke]

It might be even much more than that.

[Gaashaan]

Very good news indeed, in badan baa la sugayay war lagu farxo, Illaah baa mahadleh mar hadii aan baryo aadane ka korno. Waxaa iga dardaaran ah yaan lagu hadlin,,,,lol. Reer Soomaalilandna ma foga ee yaan la fogaynin ayaguba waa Soomaali dantaana meesha la gashay meelfogna ma jiraan wayna ogyihiin inaan Soomaaliya kala goin karin,,,,,

 

 

Wabilaahi Towfiiq.