21″ October “2022”Mogdishu
Somalia has signed a petroleum exploration agreement for seven offshore blocks with壯陽藥 United States-based Coastline Exploration, the company said in a statement on Friday.
Hydrocarbon discoveries in Uganda and Kenya and huge gas finds in Mozambique and Tanzania have stoked investor interest in other parts of East Africa’s hydrocarbons potential.
Somali National News Agency quoted petroleum minister Abdirizak Omar Mohamed saying late on Thursday the agreement signed with Coastline was the finalisation of an earlier deal signed in February, without giving further details
Coastline CEO William Anderson welcomed the approval. “Revenues from the discovery of commercial quantities of oil will be transformative for Somalia”, he said.
The non-executive chairman Jacob Ulrich said Coastline was confident that it would discover “major energy reserves” in the East African country.
With the right partners in place and a supportive government, Somalia’s nascent energy industry can look to the future with confidence now that there is a clear road map to potentially securing a sustained domestic oil and gas supply,” he said.
The statement went on to say that Coastline hopes to find multiple offshore oilfields and that each discovered field could produce 100,000 barrels per day of oil.
The company has identified prospects and leads offshore Somalia, it said.
TGS is offering seismic information on the offshore from 2D surveys shot in 2014 and 2015. No deepwater wells have been drilled off Somalia.
Coastline has said the seismic suggests “large geological structures and indications of equally large stratigraphic traps offshore Somalia