Somalia oil and gas pdf

Conservative party leader michael howard, has proposed a deal with the somali government that may grant it as much as 90% of the countrys prospective oil revenue. Politically, the federal government of somalia does not exert full control over the. It was generally referred to as oil in the red sea coast but was later attributed to specific areas in the ogaden basin. The group highlighted both the risks of corruption in the sector, and the shortcomings in transparency and. The oil and gas sector in somalia oil and gas as a threat to peace and security the semg discussed the threat to peace and security posed by the extractives sector in somalia in its report in 20 s204. Tensions spike as kenya and somalia battle for oil rich. Somalia readies for oil exploration, still working on. In addition, spectrum highlighted similar geological structures to those with proven oil and gas reserves in neighbouring basins located in madagascar, kenya, tanzania and mozambique. During colonialism, italian and british geologists were the first to identify oil seeps. Further reading on oil and gas exploration in somalia.

The first was the controversial soma oil and gas which acquired 12 offshore oil and gas blocks totaling 60,000km 2. Jurassic time of deposition of hydrocarbon source rocks emphasises the relevance of the adjacent data source. The ogaden basin is an area of ogadenia that may hold significant reserves of crude oil and natural gas. Exxonmobil separately announced two new discoveries offshore guyana, one of them involving highquality oil. British oil giant british petroleum signed concessions with the petrolatum department for the federal government of somalia to explore oil and gas in the war raven east african nation, including international waters of. The drilling found 187 feet of net gas condensate pay, total said. The last thing east africa needs right now is more undeveloped gas. Most of the land and the continental shelf of somalia. Offshore oil and gas development in somalia has recently become the focus.

Countries such as japan, india and china will be eager to consume somalias oil and gas. The diversity of natural resources, along with the recent discovery of new oil reserves and the increasing stability of the economic situaon have converted somalia into a growing. Oil exploration in puntland, an autonomous region in northeastern somalia which is a federal state, began in the mid2000s as a series of negotiations between the provincial administration and foreign oil companies. Somalia s oil, gas and extracve industries are characterised for being abundant and virgin. Last month, soma oil and gas, a london based energy company, searching for hydrocarbon deposits off the coast of somalia, announced that it. Beyond that, critically, they are discovering that somalia s potential is not just gas. The aim was to define and delineate the geological structure of the southern somalia offshore, which lies near major discoveries of oil and gas on the east african margin. It has geological similarities to other hydrocarbonrich basins in the middle east. An investigation by the uks serious fraud office and later dropped due to a lack of convictable evidence repeated delays of an anticipated presidential election in somalia which, at the time of writing, is underway several months late have sparked concerns of. Somalias oil and gas potential was the driving force that has attracted oil exploration companies to hunt for oil.

The paper also attempts to find out the opportunities and likelihood that somaliland may discover its oil and gas resources that could improve the economic growth and development of the country. Somali officials say that since taking office, khaire has relinquished his stake in the company. Oil and gas in ethiopia has a history which is a little over a century old. Defiant somalia puts contested oil block territory up for. Each oil major that has signed a deal in somalia royal dutch shell. Stateowned contractor means a person incorporated under the laws of somalia which is. Somalia s offshore oil reserves are an estimated 110. Somalia hopes to gain revenue from oil and gas, currently hidden underground somalia onshore and below the indian oceanfloor the offshore. The ogaden contains oil and gas fields, but development has been hampered by.

Environmental regulation of emerging offshore oil and gas activities. Oil in somali soil somalia s history of oil exploration dates back several decades. In many developing countries, natural resources such as oil and gas have had negative impact on economic development. In 1860, an oil seep was discovered, but it wasnt till the 1920s that inexhaustible seeps of oil were verified. We also have 25% or so of the worlds uranium, the highest % of its gypsum and other resources. The paper begins with a brief historic overview of somali oil exploration followed by a mapping of current oil activities including engaged oil companies. More than two decades ago in the eighties, there was an oil and gas exploration rush to somalia, driven by the countrys huge oil and gas potential. Until a truly representative governing system is established and a peaceful political resolution to the ogaden conflict which has engulfed the horn of africa for almost a century is found, embarking upon oil and gas extraction without addressing the fundamental grievances of the somali people sets a very dangerous precedent for future stability. For the first time ever, foreign industries such as soma oil and gas, a londonbased company, have invested millions to conduct seismic surveys and are encouraged by the results.

Until the law is in place, we do not expect any drilling programmes to be announced. The amsas corioleafgoye acablock and the case for oil and gas opportunities. Shale gas shale oil gboe gboe poland 25 3,3 france 23 4,7 romania 9 0,3 denmark 5 0 uk 4 0,7 netherlands 4 2,9 others 9 1 total 80 12,9 country. Somali petroleum technical assistance project soptap. Somalia is about to become the hottest area offshore east africa, with not only the promise of huge hydrocarbon potential, but also a strong indication that this time the hunt is on for black oil. Exploration activity is hindered by above ground risk. The londonbased soma oil and gas conducted a seismic survey of oil and gas potentials covering thousands of kilometers of offshore somali territory in december 2014 just two months after omar. Exploring and developing hydrocarbons offshore somalia. Hsm offered 99%of somalia oil to somaoilandgas somali. Starting in the early 1950s, italybased agip now eni and usbased sinclair oil corporation began to study the petroleum geology of somalia. Oil and gas 1 morocco 3 investor overview and outlook 4 egypt 5 recent discoveries 6 cote divoire 7 investment climate 8 senegal 9 investment opportunities 10 somalia 11 oil prospects tied to the new government 11 oil presence and looking forward 12 uganda 14 regional pipeline 15 kenya 16 current oil and gas activities 16 oil and gas.

Moreover, it is expected that somalias offshore territory also contains vast natural gas fields. Shale gas and new fracking techniques are covered in detail. Africas largest coastline and vast marine resources. Somalia in 2014 filed a suit accusing kenya of encroaching on 100,000 square km of marine territory with potential oil and gas deposits in the indian ocean. Oil, gas discoveries announced in south africa, guyana. Oil slick from an active oil seep thought to be located directly over toethrust structures offshore somalia. Fiftyeight wells were drilled, 42 wildcats, with oil and gas shows here and there but nothing major. Somalia prepares for first bid round of oil fields. Analysis of natural gas prices and also developments in the natural gas sector.

Due to its geographic location, somalia should look for markets and investors from the east. Somalia s oil and natural gas reserves if we include somali galbeed put us in the top 5 easily. The attraction of large oil reserves will draw the attention of the oil industry to somalia in 2019, as this new province has now opened up its offshore waters for exploration in its exciting and hugely prospective 2019 licensing round. A new petroleum law 20 has been drafted, but has yet to be enforced. Djibouti han april 14, 2014 africas next angola oil fields will be in somalia s oil and gas in indian ocean exploration. Diplomatic negotiations over the territory had dragged on for six years without success.

Key countries and opportunities in africas oil and gas. Pdf on sep 1, 2012, michael walls and others published somalia. A narrow triangle off the coast of africa, in the indian ocean, about 100,000 square kilometers 62,000 square miles, is the bone of contention between neighboring kenya and somalia. By 2012, exploratory wells established in the area yielded the first signs of crude oil. It occupies the barren plain between the somalia ethiopia border and the ethiopian eastern highlands, on which the cities of harer and dire dawa are situated. Somalia preps for first bid round news for the oil and. In 2014 and 2015, the federal government of somalia carried out offshore seismic surveys in southern somalia. Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on august 4. The scent of oil amongst gas in the last decade several large gas discoveries have been in east africa, with up to 200 tcf of gas, equivalent to more than 30 bbbl of oil reserves, have been discovered in mozambique and tanzania in recent years. Somalia awakens as east africas oil province offshore. Arabian sea oil and gas summit 2627 may 2015, intercontinental. The fgs signed two major exploration contracts between 20 and 2016. International researchers believe somalia is the last remaining oil frontiers in africa.

Subsequently soma oil and gas faced corruption allegations by the united nations somalia and eritrea monitoring group. These huge discoveries are currently being queued up for development and are seeking an export market. The government said seismic data show a high likelihood that somalia s offshore has similar geological structures to large oil and gas reserves which have been found in neighboring. The basin covers an area of some 350,000 square kilometres 5,000 square miles and is formed from sedimentary rocks up to 10,000 meters 6 miles thick. As a result, spectrum stated that offshore somalia is about to become the hottest area offshore east africa. At this rate, the country of somalia is claiming that it will be producing oil by 2020.