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| Africa Horn |
| Puntland Govt wants Oil, Gas exploration activities resumed |
| 2015-01-04 |
| BOSSASO, Somalia -- Puntland Government in northern Somalia has expressed interest in the resumption of oil and gas exploration activities in the relatively calm state on Saturday, Garowe Online reports. Speaking at a press conference in the Gulf of Aden Port City of Bossaso, Puntland Minerals and Petroleum Agency Director-General Isse Mohamud Farah has declared that petroleum companies will resume explorations at the beginning of this year. With one year left the contract awarded to Horn Petroleum that spudded Shabeel-1 well on Dharoor block in 2012, Farah noted that the second phase of explorations will take place in Nugal Valley and for the second time on Dharoor block. He once again reiterated government’s stance over the arrival of unauthorized oil companies that could stoke tensions. Puntland Minerals and Petroleum Agency head also warned unidentified networks against making mineral exports at airports and seaports, saying illegal miners will be brought to the justice. Horn Petroleum plugged Shabeel-North 1, the first exploratory well to be established in Somalia since state collapse in 1991 in August 2012. |
| Posted by:Steve White |
| #1 Unfortunately, you've picked a rather awkward time to resume wildcatting. Please feel free to continue the senseless tribal butchery. We'll call you when the pricing structure has recovered and exploration is once again feasible. |
| Posted by: Besoeker 2015-01-04 04:53 |