The licence round has been announced, the petroleum law ratified, and geoscientists are pouring over the seismic. Are we finally set to see the undoubted exploration opportunities of one of the world’s last true hydrocarbon frontiers finally realised? The seismic below is a dip line from southern offshore Somalia showing fold and thrust belt with […]
Why Exploration Offshore Somalia Could Reveal an Oily Surprise Read More »
Offshore Somalia remains one of the last truly frontier passive margins in the world, with only two exploration wells offshore along the 1,000 km-long margin. In frontier basins such as this, the first step is to identify potential source rocks by integrating multiple datasets such as gravity and magnetic data, all available and relevant well
The Chase for Oil in Offshore Somalia Read More »
Somalia’s offshore hydrocarbon systems have been slowly maturing since the Jurassic period. Now, after ten years of relative political peace, Somalia is set to emerge as the new hot-spot for the industry, offering not only vast reserves to match the Rovuma Basin of Mozambique, but also the most elusive of prizes in East Africa –
Offshore Somalia: East Africa’s Oil Frontier Read More »
Landmark Petroleum Law Completes Legislative Process with President [X] January 2020 Mogadishu, Somalia. The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces that, following approval by the Upper and Lower Houses of the Federal Parliament, the Petroleum Law has been ratified by His Excellency President Mohamed Abdullahi Farmajo. The Presidential
LANDMARK PETROLEUM LAW COMPLETES LEGISLATIVE PROCESS WITH PRESIDENTIAL RATIFICATION Read More »
Launching of Somalia’s First Offshore Licensing Round
Launching of Somalia’s First Offshore Licensing Round Read More »
Shell/Exxon joint venture agrees initial roadmap for exploration and development of offshore Somalia 28 January 2020 Mogadishu, Somalia. The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia, today announces it has agreed an initial roadmap with the Shell/Exxon joint venture focused on the next steps towards the exploration and development of
Investment Thesis Although we see risks as now skewed to the upside, our cautious view on Premier is due to near-term uncertainty around the terms of the required debt and equity financing processes. ● Completion of the BP asset acquisitions would be positive for Premier, in our view. It would add cash-generative production to the
Premier Oil plc (PMO LN) Oil & Gas – Exploration & Production Read More »
Introduction At the end of 2016, Spectrum Geo released two long offset seismic reflection profiles across the Somalian rifted margin, in the Juba Lamu and Obbia basins respectively – part of two larger 2D surveys acquired in 2014 and 2015/16 (Stanca et al., 2016;Figure 1). In frontier areas, potential field data interpretation, in particular public
The crustal structure along the passive margin of offshore Somalia has remained largely unknown, due to limited geological and geophysical data collection during the long period of political instability and civil war. The extent of geological information in the area has for many years been restricted to regional-scale features defined from poor quality legacy seismic
Offshore Somalia: crustal structure and implications on thermal maturity Read More »
INTRODUCTION Exploration in Somalia began onshore in the 1950s with the drilling of several onshore wells, but no notable economic discoveries. Tragically, the collapse of the Government in 1991 ushered in a long period of political instability, where Somalia remained inaccessible to exploration companies for 25 years. During this time, the majority of Somalia’s legacy
Offshore Somalia: Defining crustal type and its implications for prospectivity Read More »
