Somaliland's Oil and Gas industry

This thread will include all the news, articles and other media items that relate to the nascent Oil and Gas industry in Somaliland.

This is photo of British Petroleum (BP) drilling for Oil near Berbera circa 1950s.

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Toosan-1 oil well which is planned to be drilled in 2023 contains around 100 to 200 MMbbls of Oil.

This Well alone could produce 50 thousand barrels of oil per day for 10 years, or over $100 million dollars per month at current prices.

CPC Taiwan is building the Oil Depot in Berbera where they are the sole buyer of all the oil produced by Somaliland.

PRE-PRODUCTION BUSINESS

  • Somaliland
    • Following the successful farm-out in December 2021, preparation continues for the drilling of a well on the highly prospective SL10B13 block (51% working interest and operator)
    • The Toosan prospect contains stacked Mesozoic reservoir objectives, with multiple individual prospective resource estimates each ranging from 100 to 200 MMbbls
    • The geotechnical survey will begin this month, supporting the plan for the construction of the well pad. Environmental and social impact assessments will begin before the end of 2022, and tendering has commenced for the rig and well services, ahead of a targeted spud date around the end of 2023/early 2024
    • Having undertaken a combination of water and food relief programmes earlier in the year, in reaction to the ongoing drought in Somaliland Genel is working with ANPPCAN to deliver a food relief programme to c.4,000 families.

Somaliland’s oil find could reset the regional balance: here’s how

SomGas Gas Storage.

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