Somalia: Government of Somaliland Announces New Ph Somalia: Government of Somaliland Announces New Phase of Extensive Hydrocarbons Exploration Activities 31 OCTOBER 2012
October 31, 2012 13:37:03 GMT
Somalia: Government of Somaliland Announces New Phase of Extensive Hydrocarbons Exploration Activities 31 OCTOBER 2012 Hargeisa — Hussein Abdi Dualeh, the Minister of Mining, Energy and Water Resources, will today announce that exploration and production companies operating in Somaliland - Genel Energy, Ophir Energy and Jacka Resources - will soon start extensive exploration activities. These will include the acquisition of high-resolution airborne gravity and magnetic, and/or 2D seismic data on their respective concessions. Furthermore, the Ministry is announcing the offering of open acreage for exploration covering both onshore and offshore blocks. The Ministry will initiate an Open Door Policy for petroleum investment in Somaliland. Speaking at the 19th Africa Upstream Conference in Cape Town, Hussein Abdi Dualeh, the Minister of Mining, Energy and Water Resources, says: “International exploration and production companies are taking their activities in Somaliland to a decisive next stage, operating on a scale not seen since the country regained its independence 21 years ago. “At the same time, the Government is initiating a new ‘Open Door Policy’ to potential energy investors in the country. These are exciting times for Somaliland, and the Government is sending a clear message that we are open for business.” Somaliland presents an unusual opportunity to discover proven exploration concepts, where key elements for generation and entrapment of hydrocarbon are present in a variety of geological settings. A working petroleum system is known to be present within Mesozoic to Tertiary sedimentary section. https://allafrica.com/stories/201210311136.html